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Retirement tax questions
@bradmars52 wrote:
My question is not if I can deduct advisor fees.
My question is when the advisor takes their fee from the IRA account, will this withdrawal from the account be treated as a distribution by the IRS requiring me to pay additional federal income taxes related to the total of all advisor fees taken from the account during the year.
I have seen conflicting results from online searches and I am wondering if you could share any links to IRS docuemnetation that clearly spells our if advisor fees are part of the reported gross income
I have never heard this in 20 years. Also, I don't get 1099s from my own retirement accounts.
May 5, 2025
8:47 AM