2006-12-05 15:02:43 · 6 answers · asked by Ruly 1 in Business & Finance ➔ Personal Finance
Yes..they are expenses.
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2006-12-05 15:04:58 · answer #1 · answered by MN-Mike 4 · 0⤊ 0⤋
they are deductible only in the sense that they are a part of the cost base of the stock when it is purchased and they are deducted from the proceeds when the stock is sold. the commission you pay at the time of purchase is not deductible in the year you pay it unless you sell the stock in the same year.
2006-12-06 04:45:24 · answer #2 · answered by Ovrtaxed 4 · 0⤊ 0⤋
in the united kingdom they're deductible so a tactics as Capital effective factors tax. i might think of this is comparable in US. procuring costs are further to the value and advertising costs deducted from the sale. So the ease is internet proceeds much less internet costs.
2016-10-14 02:59:06 · answer #3 · answered by Anonymous · 0⤊ 0⤋
They are added to the price of the stock when you buy, as it is a cost of the stock.
They are deducted from the selling price when you sell, because you made less profit.
GOD bless
2006-12-05 15:06:01 · answer #4 · answered by May I help You? 6 · 1⤊ 1⤋
Yes, but... They are not deductible as expenses: they affect the cost basis and proceeds of the sale. This determines the actual amount of capital gain or loss.
2006-12-05 15:16:20 · answer #5 · answered by Anonymous · 2⤊ 1⤋
yes definitely. and so is interest on money borrowed to invest and so are losses.
2006-12-05 15:05:21 · answer #6 · answered by pleasewaterme 2 · 0⤊ 0⤋