Some Basic Stock Questions

[PuppetMaster]

What fees (besides commision) are incurred through buying/selling stock? I noticed something in an article about an SEC fee?

When you place a limit order, are you only charged if it goes through? Or are you charged regardless?

Are stock profits/losses taxed on "net", or are they taxed like gambling winnings where losses are "itemized deductions"?

When taxes are figured, are you allowed to deduct commision fees?

[RocketManJames]

1) Don't worry about the SEC fees. You are charged an SEC fee when selling stock. A $50,000 trade incurs about $2 in SEC fees... no worries.

2) I am not sure, but it probably depends on the brokerage. The ones I've dealt with do not charge you if it is not filled at all. However, if it is partially filled, you are likely charged the full commission. For illiquid stocks an AON (all or none) restriction may be worthwhile.

3) Stocks are taxed on net profits including all commissions, SEC fees, etc.

If any of the above is wrong, feel free to correct.

Hope this helps.
-RMJ