club_cafe: INFY & Broker Fee

iras1 on

It's a deductible expense. Brokers are now allowed to charge ADR/ADS dividend processing fees.

Ira Smilovitz

In a message dated 7/6/2008 1:26:37 P.M. Eastern Daylight Time, lynn@bivio.com writes:

We received an agency processing fee of $1.00 along with our
dividend this month from our Infosys ADR. How do we handle
that fee? Should we enter it under "Charges"? Or should we
enter the dividend net of this fee? Other?

Gas prices getting you down? Search AOL Autos for fuel-efficient used cars.

Lynn Ostrem on

Thanks to Ira and Cherilyn. I'll pass this on to my treasurer.

Lynn O.

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