TomD8
Level 15

Retirement tax questions

If I were you I would immediately instruct your IRA custodian NOT to use funds from your IRA to pay fees on any taxable account.  That's because, if done improperly this could cause taxes, penalties, and perhaps a “prohibited transaction,” which can lead to seriously negative consequences.  Fees should be paid from the account generating the fee.  This web reference gives a good discussion on this topic:  <a rel="nofollow" target="_blank" href="https://www.scottkays.com/article/2013/08/28/how-should-you-pay-investment-management-fees">https://...>
**Answers are correct to the best of my ability but do not constitute tax or legal advice.