|
#3
03-16-2006, 06:00 AM
| |||
| |||
 Re: Retirement account deductions. Richard wrote: - quote - > I have several mutual funds in my retirement accounts. I
Yes.> have not retired but seem to have considerable "fees" that > are ascribed to the care of these accounts. Most are through > Edward Jones. Are these considered custodial fees and can > they be used for itemized deductions. ChEAr$, Harlan Lunsford, EA n LA << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
|
#2
03-16-2006, 06:00 AM
| |||
| |||
| Re: Retirement account deductions. "Richard" <richard.baumgartner[at]mchsi.com> wrote: - quote - > I have several mutual funds in my retirement accounts. I
If you pay the fees with money outside the retirement> have not retired but seem to have considerable "fees" that > are ascribed to the care of these accounts. Most are through > Edward Jones. Are these considered custodial fees and can > they be used for itemized deductions. accounts, you can deduct them as investment expenses. If they're being paid with retirement account money, no. -- Barry Margolin, barmar[at]alum.mit.edu Arlington, MA *** PLEASE don't copy me on replies, I'll read them in the group *** << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
|
#1
03-16-2006, 05:40 AM
| |||
| |||
| Re: Retirement account deductions. Richard wrote: - quote - > I have several mutual funds in my retirement accounts. I
If the "fees" are paid with funds INSIDE the retirement> have not retired but seem to have considerable "fees" that > are ascribed to the care of these accounts. Most are through > Edward Jones. Are these considered custodial fees and can > they be used for itemized deductions. account, they are NOT deductible on your Schedule A. If paid from separate after-tax funds, they may be claimed as a Miscellaneous Deduction (subject to 2% of AGI limits) on Schedule A. << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
|
03-16-2006, 05:21 AM
| |||
| |||
| Re: Retirement account deductions. "Richard" <richard.baumgartner[at]mchsi.com> wrote: - quote - > I have several mutual funds in my retirement accounts. I
If you pay maintenance fees from non-IRA funds (which> have not retired but seem to have considerable "fees" that > are ascribed to the care of these accounts. Most are through > Edward Jones. Are these considered custodial fees and can > they be used for itemized deductions. doesn't count as a contribution) you can deduct them as investment expenses on Schedule A. You might want to do some shopping for better places to keep your money. -- Phil Marti Clarksburg, MD << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
|
#-1
03-15-2006, 07:49 AM
| |||
| |||
| Retirement account deductions. I have several mutual funds in my retirement accounts. I have not retired but seem to have considerable "fees" that are ascribed to the care of these accounts. Most are through Edward Jones. Are these considered custodial fees and can they be used for itemized deductions. Thank you, Richard << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
| Tags |
| account, deductions, retirement |
Similar Threads | ||||
| Thread | Forum | Replies | Last Post | |
| IRA account download does not connect to retirement account Sandra: My bank has added my IRA investments to the main account page; therefore, when I update my checking account the 5 ira investments are downloaded as... | Microsoft Money | 1 | 10-28-2007 02:37 AM | |
| Unable to update retirement account Chris: Anyone have a solution to this problem? Whenever I try to update my retirement account I received the error message immediately: "this operation... | Microsoft Money | 3 | 07-04-2007 05:25 PM | |
| Retirement account being mismanaged in M06 W': I have several IRA accounts. When I do a cap gains report or similar, they are excluded from the report (as they should be because they are... | Microsoft Money | 2 | 03-20-2007 11:54 PM | |
| Can't reconcile retirement account John G. Ata: Hi, After postponing the reconciliation of my retirement (401K account), I can no longer run the wizard that does this (More Investing... | Microsoft Money | 11 | 05-02-2004 04:00 PM | |
| Thread Tools | |
| Display Modes | |
| |
Linear Mode
