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How can I deduct fees I paid out of pocket for setting up a self directed IRA with Trust bank account with custodian?
I rolled a percentage of my traditional IRA over to self-directed IRA and there were costs to set it up that I paid directly out of my own pocket. There is a trust setup and bank account I use to direct my own investments. From what it is saying on the forms I filled out to set it up, this is a disregarded entity and uses the EIN of the custodian. Some expenses were payed from the rollover, but I paid some out of pocket as well. I have no idea where to enter this in turbo tax and the custodian just says consult my tax preparer. That's all good when you aren't trying to do it yourself, but...
Side note: I have an LLC for one business and my other business is DBA. However, my IRA has nothing to do with either of those businesses, so where would I enter those expenses? Somewhere in personal section would make most sense to me. I cannot find where to add them or if I can.