Series 52: 6.3.2.1. Commissions And Fees

Taken from our Series 52 Online Guide

6.3.2.1. Commissions and Fees

Any fees or commissions charged to facilitate an investment transaction are taken into consideration when determining the cost basis of a capital asset, such as a municipal security. In a nutshell, the cost associated with buying a security is added to the tax basis, while the cost associated with selling a security is subtracted from the proceeds of the sale.

For example, if someone buys a bond for $1,000 plus a $10 commission, the tax basis of that bond against which taxable profits will be measure

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