Tax

Have a Tax Question? Ask a Tax Expert

Ask an Expert,
Get an Answer ASAP!

Tax
This answer was rated:

Are ADR fees deductable against the dividends?

Are ADR fees deductible against...

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

Show More
Show Less
Ask Your Own Tax Question
Answered in 18 minutes by:
7/7/2008
jgordosea
jgordosea, Enrolled Agent
Category: Tax
Satisfied Customers: 3,161
Experience: I've prepared all types of taxes since 1987.
Verified

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.

jgordosea
jgordosea, Enrolled Agent
Category: Tax
Satisfied Customers: 3,161
Experience: I've prepared all types of taxes since 1987.
Verified
jgordosea and 87 other Tax Specialists are ready to help you
Ask your own question now
Ask jgordosea Your Own Question
jgordosea
jgordosea
jgordosea, Enrolled Agent
Category: Tax
Satisfied Customers: 3,161
3,161 Satisfied Customers
Experience: I've prepared all types of taxes since 1987.

jgordosea is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Wallstreet Esq.

Wallstreet Esq.

Tax Attorney

586 satisfied customers

10 years experience

Mark D

Mark D

Enrolled Agent

1,300 satisfied customers

MBA, EA, Specializing in Business and Individual Tax Returns and Issues

Richard

Richard

Tax Attorney

4,310 satisfied customers

29 years of experience as a tax, real estate, and business attorney.

Robin D.

Robin D.

Senior Tax Advisor 4

13,695 satisfied customers

15years with H & R Block. Divisional leader, Instructor

Megan C

Megan C

Certified Public Accountant (CPA)

8,651 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

jgordosea

jgordosea

Enrolled Agent

3,161 satisfied customers

I've prepared all types of taxes since 1987.

R. Klein, EA

R. Klein, EA

Enrolled Agent

1,839 satisfied customers

Over 20 Years experience

< Previous | Next >

Related Tax Questions
How much is UK Corporation Tax on foreign dividends received
Hi Tony,How much is UK Corporation Tax on foreign dividends received from Honk Kong subsidiary?The recipient of such dividends is UK based Limited company. Are these foreign dividends exempt for a "sm… read more
Barbara
Barbara
Enrolled Agent, Paralegal
3,490 satisfied customers
SKAT the Danish tax people withdrew 27% of my dividend each
SKAT the Danish tax people withdrew 27% of my dividend each year since 2011. They are willing to refund it down to 15% but I would still eventually pay US tax on that 15% as I withdrew money from my r… read more
abci168
abci168
Principal
27 satisfied customers
When qualified dividends and short-term gains are reinvested
when qualified dividends and short-term gains are reinvested in a mutual fund, are they included in the long-term gain? For example, investor buys 100 shares of mutual fund A in 2010 for $1 per share,… read more
taxmanrog
taxmanrog
Master\u0027s Degree
700 satisfied customers
What does "Distributions Other Than Dividend Distributions"
what does "Distributions Other Than Dividend Distributions" mean on a corporate tax return? Was the amount listed actually giving to the shareholder? … read more
Chad CFP ®
Chad CFP ®
Certified Financial Planner(R), Pro
Master\u0027s Degree
736 satisfied customers
I need to know if the dividends I received from my C
I need to know if the dividends I received from my C corporation are qualified dividends or not … read more
abci168
abci168
Principal
27 satisfied customers
WHere do I report 1120 Corporate Dividends on a 11040.
WHere do I report 1120 Corporate Dividends on a 11040 … read more
PDtax
PDtax
Owner
Master\u0027s Degree
1 satisfied customers
I use my one room of my house as my office and have deducted
I use my one room of my house as my office and have deducted related expenses on my taxes. Are there any tax implication for claiming a home office deduction later on when/if I sell my house? Thank yo… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
You may recall that tax deductions are only deductible by
You may recall that tax deductions are only deductible by the legislative grace of Congress. After this lesson, you might have realized that Congress was pretty generous with the types of business exp… read more
Barbara
Barbara
Enrolled Agent, Paralegal
3,490 satisfied customers
Dividend just received on Shell oil was taxed within IRA.
Dividend just received on Shell oil was taxed within IRA. When I take my distribution it will be taxed again. Is this right? … read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
What tax form is filed to report dividends paid by US Corp?
What tax form is filed to report dividends paid by a US Corp which is owned by a Canadian Corp? I think it might be 1042S. I want to know the rate of WH.… read more
abci168
abci168
Principal
27 satisfied customers
Same question on the taxation of interest and dividends (on
Same question on the taxation of interest and dividends (on mutual funds) earned inside a disclaimed portion trust ... disclaimer trust . The original owner of a trust passed and the spouse declined a… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I owed shares in One Partners Ltd where dividends were
I owed shares in One Partners Ltd where dividends were treated as … read more
PDtax
PDtax
Owner
Master\u0027s Degree
1 satisfied customers
I made money from dividends on a trust fund i do not
I made money from dividends on a trust fund i do not own......WHY is that money used as income on my income tax......i live in kansas and am applying for homestead reembursement...however, have been d… read more
Barbara
Barbara
Enrolled Agent, Paralegal
3,490 satisfied customers
Questions about business deductions: I'm planning to use a
Questions about business deductions: I'm planning to use a bedroom in my home for Air Bnb. Is that room then tax-deductible? Are the furnishings/bedding, etc., that I will need to purchase deductible … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
13,695 satisfied customers
I deduct mileage on my vehicles when I use them for my
I deduct mileage on my vehicles when I use them for my business. I am a licensed electrician. I have 2 vehicles. My wife drives whichever vehicle I don't take for work that day. One of the vehicles is… read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,230 satisfied customers
Are declared dividends reflected on 1120 and accrued as
Are declared dividends reflected on 1120 and accrued as payable? The actual payment of dividend happened in following taxable year. Thank you.… read more
Matthew Breecher
Matthew Breecher
President
MBA (Graduate Legal Studies)
285 satisfied customers
I have a question about a regular dividend versus a
I have a question about a regular dividend versus a liquidating dividend for a small corporation … read more
Matthew Breecher
Matthew Breecher
President
MBA (Graduate Legal Studies)
285 satisfied customers
I had a stock fund that paid a dividend in 15 that was used
I had a stock fund that paid a dividend in 15 that was used to purchase more stock. I sold the stock in 16 I think, if have to can verify, at a loss. The IRS says I owe taxes on the dividend. First, i… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x