turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

jc478bb4
New Member

Are investment fees for Roth and traditional IRA's tax deductible?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
JulieH1
New Member

Are investment fees for Roth and traditional IRA's tax deductible?

Yes.

Unfortunately, though, the fees must be claimed as a miscellaneous itemized deduction, which means the fees are limited to a 2%-of-AGI.

JulieH1
New Member

Are investment fees for Roth and traditional IRA's tax deductible?

Here is a very in-depth article about the nuances of management fees.
<a rel="nofollow" target="_blank" href="https://www.kitces.com/blog/irs-rules-for-paying-investment-fees-from-taxable-and-retirement-account...>

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question