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Retirement tax questions
A pertinent web reference:
"As a result of the prohibited transaction treatment in particular, it’s absolutely crucial not to have a retirement account pay someone’s personal bills or engage in inappropriate transactions – which includes not allowing your retirement accounts to pay investment advisory fees for your personal, non-retirement accounts!" <a rel="nofollow" target="_blank" href="https://www.kitces.com/blog/irs-rules-for-paying-investment-fees-from-taxable-and-retirement-account...>.
"As a result of the prohibited transaction treatment in particular, it’s absolutely crucial not to have a retirement account pay someone’s personal bills or engage in inappropriate transactions – which includes not allowing your retirement accounts to pay investment advisory fees for your personal, non-retirement accounts!" <a rel="nofollow" target="_blank" href="https://www.kitces.com/blog/irs-rules-for-paying-investment-fees-from-taxable-and-retirement-account...>.
**Answers are correct to the best of my ability but do not constitute tax or legal advice.
June 6, 2019
1:47 AM