manage IRA accounts

Discussion in 'Professional Trading' started by may916us, Oct 4, 2012.

  1. may916us


    I currently manage 3 IRA accounts - my own, my husband's and his friend's. There are all above $300K. I know I can charge management fee from my husband's friend's account and report as income for the benefit of my social security credit. Can I do that for my own and my husband's accounts? My husband and I report IRS tax separately. Thanks.
  2. emg


    u should ask a licensed cpa or tax consultant. this is the worst place to ask tax question because 99.9999% of ET members are not licensed cpa/tax consultants.

    Comprende. go get yourself some mojitos and a shot of tequila at Volente's bar and grill