On Feb 23, 10:38*pm, JGE <j...[at]cs.unc.edu> wrote:
- quote -

I have always (for 45 years) deducted that type of expense as a cost
of buying / hold/selling the stock certificates and neer been disputed.

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On Feb 22, 10:52*pm, se...[at]panix.com (Seth) wrote:
- quote -

Actually, it was part of the cost of liquidating the stock, but your
point still remains - maybe it can be deducted from the proceeds
same as a commission would be, but the first responder seemed
pretty sure not.

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In article <eaf39d77-8c8e-4b3e-b212-35f6dd891c2c[at]k8g2000yqn.googlegroups.com> ,
mmurrell <mmurrell[at]cableone.net> wrote:
- quote -

Isn't it part of the cost of acquiring the stock?

Seth

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- quote -

That's what I wanted to know (or didn't want to know). Thanks ...

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On Feb 19, 5:30*pm, JGE <j...[at]cs.unc.edu> wrote:
- quote -


This fee would be deductible in each year (not combined) it was
incurred as a misc. itemized deduction subject to the 2%.

- quote -



this is also a misc. itemized deduction subject to the 2%


- quote -

NO


- quote -

Sorry, but that is the tax law!

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I have the following expenses related to some investments I sold:

-account maintenance fee for a brokerage account (the account is new
closed,
but I held the sold mutual funds there awhile): $60 per year for
several years

-DHL service for paperwork for founders stock of a startup: $37

My question is, can I add these amounts to the cost basis for the
liquidated securities ?

Yes, I realize that I can probably deduct them on Schedule A, but it's
subject to the
2% AGI exclusion, so that doesn't really help.

Thanks, John

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