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dgottobed
New Member

Can I claim a $10,000 overhead fee as a capitol loss? I gave them $25,500 and they took $10,000 off the top as overhead fees? At 591/2 I cashed out at $18,400

 
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2 Replies

Can I claim a $10,000 overhead fee as a capitol loss? I gave them $25,500 and they took $10,000 off the top as overhead fees? At 591/2 I cashed out at $18,400

Who is "them"?  What is this about?  Did you cash out the 18,400 from a retirement account?  Did you get a 1099R for it?  

Vanessa A
Expert Alumni

Can I claim a $10,000 overhead fee as a capitol loss? I gave them $25,500 and they took $10,000 off the top as overhead fees? At 591/2 I cashed out at $18,400

Who is they?  Is this for a retirement plan?  What type? 

 

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