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rapco55
Returning Member

The funds deposited in my retirement Acc. were not taxed when deposited. are the fees my broker charges deductable, he deducts them from my Acc.

 
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MinhT
Expert Alumni

The funds deposited in my retirement Acc. were not taxed when deposited. are the fees my broker charges deductable, he deducts them from my Acc.

Fees charged by your broker on your retirement account and deducted from that account are not deductible on your tax return.

All gains, losses and fees on your retirement account are tax-deferred.

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**Mark the post that answers your question by clicking on "Mark as Best Answer"

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MinhT
Expert Alumni

The funds deposited in my retirement Acc. were not taxed when deposited. are the fees my broker charges deductable, he deducts them from my Acc.

Fees charged by your broker on your retirement account and deducted from that account are not deductible on your tax return.

All gains, losses and fees on your retirement account are tax-deferred.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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