IRA Management Fees

If you own a traditional IRA and pay the fees out of pocket, you can claim them on Schedule A as a miscellaneous itemized expense to the extent all qualified costs exceed 2% of AGI. You can't write off fees charged directly to the IRA. Roth IRAs are more complicated. The prevailing view is that Roth fees aren't deductible because they're incurred to produce tax-free income whether the fees are paid with outside funds or deducted directly from the account.

   

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