Are fees made to a financial advisor to manage your IRA account deductable as a 2% misc Sch A. I say no unless paid directly by taxpayer.. Client said Advisor told them they were.
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You are right
Not if deducted from IRA funds, only if paid by a separate check. The advisor is lying to support his fees. You are right. -
Jainen
Could it be that his advisor is just un-informed about the tax laws??? Lying is a little harsh.
NA,,,,,,everyone knows IRS rules.Confucius say:
He who sits on tack is better off.Comment
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