Fees paid from a taxable account
A client held real estate in a traditional IRA that was sold. Legal fees incurred in connection with the sale were not paid at closing and attorney is submitting an invoice now (approximately 1 week after closing). What is the best way to pay these legal fees? If paid from IRA now, can I assume this will not be additional taxable income?
Submitted by Kevin Dougherty on Mon, 2024-12-02 13:36