Are Commissions and Service charges on trades in my IRA investment expenses?

posted

Connect with an expert

2 Replies

Are Commissions and Service charges on trades in my IRA investment expenses?

Not for income tax purposes.

Rather, those fees should be added to the purchase price of the transaction. This will be your adjusted basis in the transaction.

Are Commissions and Service charges on trades in my IRA investment expenses?

Thanks

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post