I understand that positions in an IRA/Sep are not taxed as long as they stay within the IRA/Sep. I understand that if you withdrawal money from that IRA and take it out of the system, so to speak, that has a gain it is taxed as regular income. I understand it isn't taxed as long as you buy/sell within the position. So, those aren't the question. My question is: If you put money into an IRA or SEP IRA, and you took the deduction on your Fed income taxes as contributions in earlier years, and now the position(s) have lost money (ie Amazon is down 95%), is any of the money that is leftover taxed if you remove it (withdraw it) from the account? So, for example, if you invested $1000 in 2021 or 2022 and it's now worth only $400, is the $400 taxed? Yes, I read that losses aren't "deductible" since 2018, so in other words, is any amount removed from the actual IRA taxable as income?
