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So you didn't mention "how" you are supposed to adjust this cost basis? Are you to raise the cost basis by the $20 fees or ? My net proceeds come across with the net - my cost basis has the fee added in, but of course they reduced my sale proceed by the fee as well. I just want to make sure I'm getting all of the fee deductions and that I'm accounting for them properly. Please elaborate.
3 years ago on Questions From Readers: Can I Deduct Brokerage Commissions Paid to Trade Stocks For Tax Purposes?