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posted Jun 4, 2019 11:11:19 PM

Can I deduct fees paid on an annuity?

The fees are called, Contract date anniversary fees by investment option.

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1 Best answer
Expert Alumni
Jun 4, 2019 11:11:20 PM

Unfortunately, fees paid on an annuity are not deductible. Instead, these fees simply decrease the annuity’s return on investment.

1 Replies
Expert Alumni
Jun 4, 2019 11:11:20 PM

Unfortunately, fees paid on an annuity are not deductible. Instead, these fees simply decrease the annuity’s return on investment.