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Author: TMFPMarti Big funky green star, 20000 posts Home Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121564  
Subject: Re: Deduction Question Date: 9/9/2008 10:10 AM
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When I buy stocks in the IRA, I am of course charged a trading fee. Am I able to write that off at the end of the year on my schedule A?

Also, if I sell a stock for a gain within the IRA, do I pay Cap Gains on that or report it on a schedule D?


No to both. If you pay any kind of maintenance fees on the IRA from non-IRA funds (this doesn't count against your contribution limit) you can deduct those as miscellaneous itemized deductions on Schedule A.

Phil
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