"D. Stussy" <spam[at]bde-arc.ampr.org> wrote in message
news:gl5mse$3ok$1[at]snarked.org...
- quote -


they are broken out through the year, so they can be allocated to specific
stocks and to specific CDs.

are you saying to adjust the basis of the stocks for when they are
ultimately sold?

anything similar re the CDs?

thanks

--
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"Gil Faver" <rowdy'sboss[at]xxyz.com> wrote in message
news:6z7dl.143952$_Y1.68346[at]bgtnsc05-news.ops.worldnet.att.net...
- quote -

Maybe but probably not. If the are allocable only to the stock(s)
that was(were) paying the dividend(s), then the amounts participate in
the computation of gain or loss of the stock.

Stocks pay dividends.
CDs pay interest.

--
<< ------------------------------------------------------- > << 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. > << ------------------------------------------------------- >

taxpayer has some broker charges associated with foreign dividends (broker
charges, foreign taxes are a different issue) and with a brokered CD that
was redeemed early due to bank failure. These broker charges amount to
about $100. Are they deductible other than on Schedule A, with its 2% AGI
floor?

--
<< ------------------------------------------------------- > << 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. > << ------------------------------------------------------- >