Q. Can you recognize any stock losses with the back door conversion as well?
A. No. Gains and losses on stocks held in an IRA (traditional or Roth) are not reported. All distributions are ordinary income. At one time, it was possible to deduct to deduct IRA losses, but only in VERY limited situations and only as an itemized deduction. But not under current law.
If you sell stock in order to make an IRA contribution, that would be reportable. But it would be separate from the "back door Roth".
