Daniel asks…Can IRA losses be written off against income at retirement?I'm 46 years old and I have a traditional IRA which is invested in the stock market. Some of the investments incurred losses. Just for example, I invested $5000 into a stock that went out of business and is no longer trading.
If possible can this $5000 loss be written off against the $3000 per year limit? If so, when? ....at retirement when I start withdrawing from the IRA?Launch Review answers:No. You never paid taxes
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