Are brokerage fees deductible?

Answer On One Hand: On Taxable TradesYou can include the brokerage fees as part of the costs of your trade to avoid paying taxes on the gain. For example, if you pay a $10 commission to buy $1,000 of a st... Read More »

Top Q&A For: Are brokerage fees deductible

Is an ira brokerage fee tax deductible?

IRA account brokerage fees are deductible if the fees are billed and paid separately. The fees are not deductible if the fees are deducted from the IRA account. The fees must be itemized on a sched... Read More »

Are escrow fees tax deductible?

Property taxes are taken out of each mortgage payment, along with homeowners insurance, and put into an escrow account. While the escrow account itself is not tax deductible, there are certain fact... Read More »

Are FHA Funding Fees Tax Deductible?

The Federal Housing Administration (FHA) requires a funding fee, more commonly known as a Mortgage Insurance Premium (MIP), at the time of closing. This premium ensures a lender that the loan will ... Read More »

Are origination fees tax deductible?

When purchasing a mortgage or refinancing one, many borrowers look to deduct some of the closing costs from their tax bill. However, the only cost associated with a mortgage closing that is tax ded... Read More »