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Are adr fees in a roth ira or an ira deductible, as

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Are adr fees in...

Are adr fees in a roth ira or an ira deductible, as investment expenses?

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Submitted: 7 months ago.Category: Tax
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12/28/2017
Tax Professional: Chad EA, CDFA®, CFP®, CERTIFIED FINANCIAL PLANNER ®, Professional replied 7 months ago
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®, CERTIFIED FINANCIAL PLANNER ®, Professional
Category: Tax
Satisfied Customers: 2,772
Experience: IRS Licensed Enrolled Agent, CDFA ® CFP ®, MBA
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Welcome to JustAnswer!

My name is ***** ***** I will assist you.

Investment expenses of a Roth or IRA would need to be paid from funds outside the IRA or Roth before you may deduct the investment expense as an itemize deduction. - The ADR fees would need to be separately identified and paid from other personal funds.

___

These expenses are miscellaneous itemized deductions subject to an overall reduction of 2 percent of adjusted gross income.

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Tax Professional: Chad EA, CDFA®, CFP®, CERTIFIED FINANCIAL PLANNER ®, Professional replied 7 months ago

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Tax Professional: Chad EA, CDFA®, CFP®, CERTIFIED FINANCIAL PLANNER ®, Professional replied 7 months ago

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