How are trading platform fees treated in capital gains taxes?
How should I be thinking about platform trading fees when considering my taxable gains on short-term capital gains?
For example:
Bought at: Sold at: 0Trading fee:
Is my taxable income or ?
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Cost Basis = (# of shares x share price) + commission
Sale Proceeds = (# of shares x share price) - commission
(note that the # of shares is the same in both of the above)
Gain or Loss = Sale Proceeds - Cost Basis
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