[net.taxes] Stock Broker Commissions

tompkins@ttidcb.UUCP (Pete Tompkins) (10/30/84)

Commissions for purchase of stock may be added to the purchase price
(hence the cost basis).  The may not be deducted as expenses.  Similarly,
commissions on sale may be used to offset the selling price (unless
you are a dealer in which case it may be expensed).  The net effect is
that both commissions at the buying and selling end serve to reduce the
gain or increase the loss at the time of sale (Reg. 1.263(a)-2(e) and Com.
vs. Covington).