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From: jgpo@iwu1c.UUCP (John, KA9MNK)
Newsgroups: net.taxes,net.invest
Subject: IRA fees
Message-ID: <223@iwu1c.UUCP>
Date: Fri, 23-Mar-84 12:04:54 EST
Article-I.D.: iwu1c.223
Posted: Fri Mar 23 12:04:54 1984
Date-Received: Sun, 25-Mar-84 08:31:02 EST
Organization: AT&T Bell Labs, Naperville, IL
Lines: 20

How does one treat brokerage fees on stock transactions in a self-directed
IRA?  I know the startup fee and annual maintenance fee are deducted on
Schedule A as miscellaneous investment expenses, but I've heard conflicting
stories about the treatment of commissions.  Some people claim that you
pay the commissions separately (i.e. not as part of your $2000 maximum)
and claim them on Schedule A.  Other people claim that any and all commissions
are taken out of IRA contributions, and that paying in a little extra for
commissions would result in an excess contribution (taxable at 6%).  What's
the story?


	Thanks,

	John Opalko
	AT&T Bell Labs
	Naperville, IL
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