- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Can I deduct management fees from a retirement fund account? The retirement account has both Roth & IRA amounts for spouse & I. We are not withdrawing yet (but soon)
If I can't deduct those fees yet, will I ever be able?
Topics:
posted
June 6, 2019
10:00 AM
last updated
June 06, 2019
10:00 AM
1 Best answer
Accepted Solutions
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Can I deduct management fees from a retirement fund account? The retirement account has both Roth & IRA amounts for spouse & I. We are not withdrawing yet (but soon)
This is considered "Investment Advisory Fees" and is deductible on line 23 of schedule A. Note that only amounts in excess of 2% of your adjusted Gross Income (1040 line 38) will actually be included in your total itemized deduction
June 6, 2019
10:00 AM
1 Reply
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Can I deduct management fees from a retirement fund account? The retirement account has both Roth & IRA amounts for spouse & I. We are not withdrawing yet (but soon)
This is considered "Investment Advisory Fees" and is deductible on line 23 of schedule A. Note that only amounts in excess of 2% of your adjusted Gross Income (1040 line 38) will actually be included in your total itemized deduction
June 6, 2019
10:00 AM
Still have questions?
Make a post