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January 28, 2025
Question

Are Commissions and Service charges on trades in my IRA investment expenses?

  • January 28, 2025
  • 1 reply
  • 0 views
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    1 reply

    January 28, 2025

    Not for income tax purposes. 

     

    Rather, those fees should be added to the purchase price of the transaction.  This will be your adjusted basis in the transaction.

    firstb_cAuthor
    January 30, 2025

    Thanks