Discussion:IRA fee based commissions
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Discussion Forum Index --> Consumer Questions --> IRA fee based commissions
| 27 October 2009 | |
| Are fee based commissions withdrawn from a Traditional IRA deductible on Sch A? | |
| 27 October 2009 | |
| assuming the taxpayer makes the IRA withdrawal then pays the fee (not a commission), yes. Otherwise no. Commissions add to cost of the security. You are using the term incorrectly if you are referring to advisory fees. But you are given a little slack because you are a consumer and not expected to know what your tax professional needs to know. I'd go back to your tax professional. | |
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