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wardbm
March 28, 2025
Question

My bank charges a fee to buy and sell securities. Is this fee tax deductible?

  • March 28, 2025
  • 1 reply
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    1 reply

    TurboTaxSusan
    TurboTaxSusan
    March 28, 2025

    You can enter the expense on "Line 22100 – Carrying charges, interest expenses, and other expenses". In TurboTax Online, search for “Interest Expenses” on the Tax Home page. 

     

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