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jgordosea, Enrolled Agent
Category: Tax
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Experience:  I've prepared all types of taxes since 1987.
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Are ADR fees deductible against the dividends?

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Are ADR fees deductible against the dividends or just an Investment Expense?

ADR fees are investment expenses, deductible in the year assessed. Usually this is a fee by the bank that is processing the dividends for deposit into your US bank; so it is associated with the dividends and does not affect the cost basis of the underlying stock.

List these fees on Form 1040 Schedule A line 23 with your other investment expenses.

I hope this helps for deducting your ADR fees.

Best regards.

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