The company I had my IRA investment with was very difficult to deal with and did not appear to be managing my investment well. I decided to move the IRA to another investment company in 2017. The company that I moved the investment from charged substantial "Full Surrender Withdrawal Charges" and a contract fee. Are these charges tax deductible?
Probably not, unless this was a Roth IRA, and then only maybe. In a traditional IRA, you contribute untaxed money and pay taxes on the money you withdraw in retirement. Assuming they took the fees out of the IRA balance before sending the rest to the new trustee, this just means you will have less to withdraw and pay tax on when you retire. It's not a current deduction but you aren't taking money out of your current taxable income.