Discussion:Investment expense deduction
From TaxAlmanac, A Free Online Resource
Note: You are using this website at your own risk, subject to our Disclaimer and Website Use and Contribution Terms.
From TaxAlmanac
Discussion Forum Index --> Basic Tax Questions --> Investment expense deduction
Discussion Forum Index --> Tax Questions --> Investment expense deduction
SGuinn1234 (talk|edits) said: | 24 January 2008 |
| Are investment management fees paid to manage a 401(k) account deductible under IRC Sec. 212 in the year they are incurred even though the income earned in the 401(k) account for that same year is tax deferred? | |
SGuinn1234 (talk|edits) said: | 7 February 2008 |
| The fees are paid by deducting them from the ongoing balance of the account - they are paid directly to the investment management company managing the account. | |
| 8 February 2008 | |
| Management fees paid directly from the plan are not deductible, while fees paid from outside the plan would be | |
To join in on this discussion, you must first
log in.
