"David Moore" <dsmoore[at]stat.purdue.edu> wrote
- quote -






The costs to sell your investment is added to the cost basis in determining
any gain or loss on that investment.






--
Paul A. Thomas, CPA
Watkinsville, Georgia

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I sold shares in a Vanguard fund that charges a fee when shares are sold
less than 5 years after purchase. I received the NAV of the shares, less
the fee.

Vanguard's 1099-B gives the NAV as Gross Proceeds and does not mention
the fee.

Can I add the fee to my cost basis, or is it (alas) a Schedule A miscellaneous
deduction subject to the 2% limit?

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >