Q. An IRA, by definition, is deferred tax account. However, I did not use money inside the IRA to pay for the fee. I used "other money" from a non-IRA brokerage account. What is the form I use to list my fee's (paid about $8K in 2007).
Is this bundled with other deductions to meet a threshold?
Is there anything else I need to know?
Thanks all
Is this bundled with other deductions to meet a threshold?
Is there anything else I need to know?
Thanks all
A. Correct. It goes on Schedule A and is limited to 2% of your adjusted gross income.
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