Ok, so while I was with my previous employer, let's call them Big and Evil, Inc., I was a member of the employee stock program. As such, during 2001 and 2002 and I bought and sold some of the stock that I held in the company. I'm currently waiting for some statements that I can make heads or tales of, but this is basically my question: Do the brokerage fees for selling the stock count against any capital gains, or are the gains independent of that. In other words, let's say I buy $100 worth of stock and it goes up in value to $120. Then I sell it, but there is a $25 brokerage fee. I end up with $95 even though I paid $100. Is there still a capital gain of $20 or does the fee negate it? Thanks.