“Wrap Fees” charged to IRA holders qualify for tax favored treatment are not counted as payins to the IRA if paid separately by the owner, IRS privately rules. The fee covers investment planning and broker commissions. Although the payment of broker commissions is usually treated as a IRA payin, that rule doesn’t apply to wrap fees because the charge doesn’t vary with the number of trades made. Instead it is based on a percentage of total assets under management. These wrap fees can be deducted as a miscellaneous itemized deduction on Schedule to the extent the total exceeds 2% of the filer’s adjusted gross income.