- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Can I deduct ROTH IRA advisor (management) fees paid from a taxable account?
I pay an advisor fee equal to a percentage of my accounts value. I have a taxable account, a Roth IRA and a regular IRA all with the same financial advisor. I am billed separately for the management fee for each account. I paid the advisor fees for the Roth and taxable account from the taxable account. (I paid the advisor fee for the regular IRA account from that account, and I am not deducting those fees.) Since the ROTH IRA is not producing taxable income, is the advisor fee for that account still deductible?
Topics:
‎June 6, 2019
5:00 AM