Income Taxes and Record Keeping ( tax ) Message Board

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Strategies & Market Trends : Income Taxes and Record Keeping ( tax )

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To: Colin Cody who wrote (936)	4/5/1998 12:36:00 AM
From: Julie	Read Replies (1) of 5810

Bummer! Guess I never cared or needed to check on this before! Thank you so much for the response! So what happens if I execute a trade [stock+commission] that is ~$10 over the money in the account? Would I have to sell something else in the account -- or wait till my next contribution in ~12 months? Why are commissions different than IRA fees for mutual funds? If I remember correctly, those fees were separate from the money in the mutual fund, and if you had your act together you could pay them by a separate check so as not to 'lose' the money in your account [these were the ~$10/year fees some years ago]. Seems to me that commissions would be the same. But I've not gotten anyone to agree with me yet! You are the most respected opinion that I could find. Oh, well. In my dreams... Thanks again for the fast response. Julie

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