401k Rollover - Short Term Redemption Charge

12-05-2004, 04:39 PM

- quote -

> From: orum[at]juno.com (Jeff Orum)
> Date: 12/5/2004 4:28 AM Pacific Standard Time
> Message-id: <eb2f6bc4.0412042026.21e7ce5[at]posting.google.com> I am in the process of rolling over my 401k account to an IRA. This
> is being done because I terminated my employment. The 401k (which
> consisted of all mutual funds) was liquidated and a check sent to me
> (in the name of my brokerage). All of this is fine, but one of the
> funds that was liquidated had a short term redemption fee applied to
> it of a few hundred dollars.
> I'm wondering if there is any way to deduct or otherwise declare this
> on my taxes. I would guess the answer is no, but thought I would ask
> anyway.
Unless you paid the fee by a seperate check, you are out of luck.

#-1 12-05-2004, 11:28 AM

I am in the process of rolling over my 401k account to an IRA. This
is being done because I terminated my employment. The 401k (which
consisted of all mutual funds) was liquidated and a check sent to me
(in the name of my brokerage). All of this is fine, but one of the
funds that was liquidated had a short term redemption fee applied to
it of a few hundred dollars.

I'm wondering if there is any way to deduct or otherwise declare this
on my taxes. I would guess the answer is no, but thought I would ask
anyway.

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