Re: IRA expenses part of contributions, or separable?

From: Rich Carreiro <rlcarr@animato.pn.com>
Subject: Re: IRA expenses part of contributions, or separable?
Date: Sat, 8 Aug 1998 15:36:44 -0400

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>with  "non-contribution" cash- that is, can I buy $2000 worth of stock in
>the account with my annual 
>contribution, and pay for the commission with additional money out of
>pocket?  

Nope.

The only expenses that can come from outside are the annual custodial
fees (if any) if they are separately billed.

Commissions and other transaction fees come out of the account, and if
you try to pay them from outside, they are considered IRA
contributions.

Rich Carreiro
rlcarr@animato.pn.com
P5-100/RedHat Linux 4.1



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