club_cafe: Commission question

iras1 on

A flat rate for x trades should be logged as a deductible investment expense and not commissions. A commission is included in the cost basis of a stock only when it is directly tied to that transaction. That is, you paid the commission because you executed that transaction.

Ira Smilovitz

In a message dated 06/17/2008 9:51:43 A.M. Eastern Daylight Time, garbagecop@gmail.com writes:

We use a deep discount broker and make straight trades for $6.95/each. It's pretty simple. But I'm hearing about clubs using monthly services where they pay a flat rate for "X" number of trades per month. I'd be interested in how those clubs/investors are logging those monthly deductions.

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