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Financial Planning / Tax Strategies


Subject:  DRIP Fees and Commissions Date:  11/21/2000  10:43 AM
Author:  sgresham Number:  42011 of 133279

I own several stocks that I have been "Drip"ping for a few years now.

Some of the Drip Account Administrators charge a small "fee" with each deposit. The fee is annotated on my monthly statement.

My question:
Is a Fee different than a Commission in the IRS' view? Do I claim an annual exclusion for the fees on Schedule A or treat them as commissions (as part of the cost basis when I sell the stock) on Schedule D?

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