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admin fees on 72t

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Last Updated On
ByJanie

L1: admin fees on 72tI read one of the previous posts about fees to deduct when filing taxes. Admin fees for 72t IRA that is an annuity that are charged yearly for guarantee minimum income benefit that is a percentage, can this be deducted as an investment expense?2010-01-25 01:18, By: janie, IP: [99.179.113.16]
L2: admin fees on 72tNo, because the fee you describe is not an IRA administrative fee. It is an internal cost of the annuity fringe benefit and must be paid out of the annuity funds. The insuror is not giving you the option of paying this from outside funds are they?2010-01-25 03:09, By: Alan S., IP: [24.116.165.60]

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