Traditional IRA and data feed fees

Discussion in 'Data Sets and Feeds' started by rock34748, Aug 18, 2008.

  1. I'm moving a traditional (rapidly decreasing) IRA to IB and will trade in slow swing fashion. I have much to learn so I'm taking baby steps. Small trades will be part of those steps because I have learned that "doing" is as important as research and planning.

    From IB I know about their margin rules as well as IRS (no borrowing), futures OK, stocks OK, no shorts, etc... My question centers around data feeds. I plan to start with QuoteTracker and IB's basic free feeds (provided I spend $30 in monthly commissions.) If I move to level II feeds at some point can those fees be paid out of the IRA account? What about IRS penalties or taxes on the money coming out to pay for "extra" feeds?

    Newbness is likely evident, be gentle if possible, otherwise... oh well... I can take it.

    Thanks in advance for any guidance here.