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Commission, Fees and Taxes?

  #1 (permalink)

Vancouver WA
 
 
Posts: 13 since Jun 2017
Thanks: 5 given, 2 received

Commission, Fees and Taxes?

I am wondering how commissions and fees are treated in relation to taxes. From what I can find it sounds like you subtract commissions from your gains.

Say I have $10000 in gains for the year, $1000 in commissions and $1000 in fees. Would my capital gains be $10000 - $1000 = $9000?

I'm US based and a part-time trader with a regular job.

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