Stocks and Bonds

As to ordinary investment assets not contained in an IRA or other ĎDCí account the rule is gross value less an estimate for capital gains taxes, if any. The tax is on the difference in sales price and basis, the original purchase price of the investment. At the moment the long-term capital gains rate is 20%. "Long term" rates presently apply to all assets held more than one year. What about brokerís fees? These should be deducted from the value of the asset since the asset has no value other than "barter". Brokerís fees vary from brokerage house to brokerage house and may vary based upon the quality of asset. As a default, I might call it 1% of the gross value.