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#2
02-21-2005, 06:47 AM
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 Re: IRA Fee? Misc Itemized Deduction "Paul A Thomas" <taxman[at]negia.net> wrote: - quote - > "Marie L. Murrell," <mmurrell[at]cableone.net> wrote
Thank You Harlan and Paul> > Client was charged a $6,300.00 surrender charge for > > liquidating his annuity upon a trustee to trustee transfer > > of his IRA. > > > Would this qualify as a miscellaneous itemized deduction > > subject to 2% AGI? > If he paid it out of his own funds, yes. If it was paid > from the IRA, then no, he can't claim it. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#1
02-18-2005, 11:14 AM
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| Re: IRA Fee? Misc Itemized Deduction "Marie L. Murrell," <mmurrell[at]cableone.net> wrote - quote - > Client was charged a $6,300.00 surrender charge for
If he paid it out of his own funds, yes. If it was paid> liquidating his annuity upon a trustee to trustee transfer > of his IRA. > Would this qualify as a miscellaneous itemized deduction > subject to 2% AGI? from the IRA, then no, he can't claim it. -- Paul A. Thomas, CPA Athens, Georgia taxman at negia.net << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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02-18-2005, 10:55 AM
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| Re: IRA Fee? Misc Itemized Deduction Marie L. Murrell, wrote: - quote - > Client was charged a $6,300.00 surrender charge for
Did he pay it separately or was it a reduction in the> liquidating his annuity upon a trustee to trustee transfer > of his IRA. > Would this qualify as a miscellaneous itemized deduction > subject to 2% AGI? proceeds? ChEAr$, Harlan Lunsford, EA n LA Wed 16 Feb 2005 << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
02-17-2005, 01:12 AM
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| IRA Fee? Misc Itemized Deduction Client was charged a $6,300.00 surrender charge for liquidating his annuity upon a trustee to trustee transfer of his IRA. Would this qualify as a miscellaneous itemized deduction subject to 2% AGI? Thank You Marie << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| deduction, fee, ira, itemized, misc |
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