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Author: darbyeye Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121146  
Subject: Tax on IRAaccount fees? Date: 8/23/2000 1:04 AM
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I am currently paying Vanguard account maintenance/custodial fees out of my IRA account balance. I realize that this may be eroding earnings to a small extent. A greater concern regards the tax liability in doing so. When Vanguard subtracts its $10, it appears to "sell" a fraction of a share from the account's share balance to do so. Am I subjected to immediate capital gains on the sold share(s), or is it taxed later? Is it never taxed because it was used to pay an investing cost? Should I have claimed it somewhere on last year's taxes? Although this relates to an essentially neglible amount, I would like find an answer now while only 3 years into the life of the IRA. Any Foolish advice would be welcomed.
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