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IRA management fees

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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IRA management fees

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.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

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IRA management fees

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.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

IRA management fees

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