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The amount paid to the planner was not treated as a distribution from the IRA and was therefore not reported on a Form 1099-R, it is not deductible. It simply reduces the value of your IRA on which you will eventually pay taxes in the future, so it's money on which you will never have to pay taxes in the first place.
The amount paid to the planner was not treated as a distribution from the IRA and was therefore not reported on a Form 1099-R, it is not deductible. It simply reduces the value of your IRA on which you will eventually pay taxes in the future, so it's money on which you will never have to pay taxes in the first place.
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