Is a cash surrender fee for an Traditional IRA annuity tax deductible?

rhemeh · ‎June 6, 2019

This is a full surrender, not partial. Also, I'm over 70-1/2 years of age.

Marketstar · ‎June 6, 2019

Per the IRS, cash surrender fees are generally not deductible.

However, you may be able to deduct an IRA loss if you meet certain conditions

See Can I Deduct My Surrender Charges in My IRA?

See IRA Losses

Marketstar · ‎June 6, 2019

Per the IRS, cash surrender fees are generally not deductible.

However, you may be able to deduct an IRA loss if you meet certain conditions

See Can I Deduct My Surrender Charges in My IRA?

See IRA Losses

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