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Get your taxes done using TurboTax
No, realized losses or worthless stock in an IRA are not deductible in contrast to losses or worthless stock in a traditional retail account. The same is true for stock held in a 401(k) account. However, while losses and/or worthless stock are not deductible in IRAs and 401(k) accounts, neither are capital gains taxed.
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‎February 17, 2023
7:36 AM