Retirement Planning

Are the trustee fees that I pay to manage my IRA deductible?

The trustee custodial fees you paid to set up and manage your IRA are investment expenses deductible as an miscellaneous itemized deduction subject to the 2% AGI limitation on IRS Schedule A.

Need Professional Help?

If you need help with "Retirement Planning" or have other tax questions, we can help you find a local licensed tax preparer for a free, no-obligation consultation.