Commission split buying stocks?

[Derek Atkins]

Dave Reed <drlinux at columbus.rr.com> writes:

> I know this makes it easier to track exactly how much you've paid in
> commissions and the exact prices you bought/sold at, but doesn't it
> make your taxes more difficult. I always enter the price that includes
> the affect of the commission since that is what affects your basis for
> tax purposes.
>
> For the above example, I would say I sold the 10 shares at $8.005 a
> share. The difference is usually not that much, but the above
> commission is pretty large relative to the amount sold.
>
> Is what I'm doing wrong?

I think so, yes, but you'll have to ask an accountant.

> Dave

-derek

-- 
       Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
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