On my taxes
Yes. You would declare the cost basis + trading fees, and you declare the proceeds from sale after deducting trading fees.
Example, if you bought 100 shares at $10, and the fee is $9.95, your adjusted cost basis is $1,009.95
If you then sold at $12, your proceeds from sale are $1,200 less trading fee of $9.95 = $1,190.05
So your trading profit is $180.10
Ask a question or leave a reply