Are IRA management fees (paid directly from the IRA account) deductible on a 2019 California tax return? I believe that non-IRA investment management fees are deductible for California.
I know that management IRA fees they are not deductible on a Federal tax return, actually no investment management fees are deductible on Federal.
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They are not. Investment management fees paid form other funds might be deductible in CA as a CA itemized deduction but if paid by the IRA they would not be. They simply reduce the taxable value of the IRA.
They are not. Investment management fees paid form other funds might be deductible in CA as a CA itemized deduction but if paid by the IRA they would not be. They simply reduce the taxable value of the IRA.
Thank you for your answer.
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