Investment Expense Fees Capped

Collapse
X
Collapse
 
  • Page of 2
  • Time
  • Show
Clear All
new posts
Previous 1 2 template Next
  • Burke
    Senior Member
    • Jan 2008
    • 7068
    #16
    Not really any difference as a rule. At least as far as the tax treatment of them.

      Comment

      • MANDAN
        Junior Member
        • Dec 2015
        • 25
        #17
        Broker fees

        So if a broker manages client's pension, say about $700,000 and charge 1%, $7000 per year. Client take out 4%, 28000 per year. Do you deduct $7000 on line 23, schedule A, or deduct 7000x0.04=2800 on his schedule A?

          Comment

          • Burke
            Senior Member
            • Jan 2008
            • 7068
            #18
            Sounds like you may be talking about a 401K? Pre-tax account fees taken out of the account by the manager are not deductible.

              Comment

              Previous 1 2 template Next

              Disclaimer

              Collapse

              This message board allows participants to freely exchange ideas and opinions on areas concerning taxes. The comments posted are the opinions of participants and not that of Tax Materials, Inc. We make no claim as to the accuracy of the information and will not be held liable for any damages caused by using such information. Tax Materials, Inc. reserves the right to delete or modify inappropriate postings.

              Working...