beurket[at]attglobal.net says...

- quote -

No. Commission is part of basis.

Gary
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For years I have been using Quicken to account for investments, and
until I updated to the 2005 version the fees that I have entered for
stock purchased through a dividend reinvestment plan have been included
in the cost basis of the stock recorded. With the update those fees are
no longer included.

My question is: does the IRS consider the reinvestment plan fee charged
for each batch of stock purchased through a dividend reinvestment plan
any different than a commission charged for an outright purchase?

John B.

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