are fees for ira considered part of ira contribution?
Re: Paying IRA Fees. alan-oniras-Wed, 2011-09-07 15:49. A fee based on a % of the account value is known as a wrap fee and the fee includes all expenses including commissions. Under PLR 2005-07021 the IRS ruled that these fees for an IRA account paid with outside funds are not considered a contribution to the IRA.e: Paying IRA Fees. alan-oniras-Wed, 2011-09-07 15:49. A fee based on a % of the account value is known as a wrap fee and the fee includes all expenses including commissions. Under PLR 2005-07021 the IRS ruled that these fees for an IRA account paid with outside funds are not considered a contribution to the IRA.