Unfortunately, you cannot claim the loss on your tax return.
For the question about the value at the end of the year for Form 5329 on your 2022 tax return, you will use the value of your Roth IRAs on December 31, 2022 (see your end-of-the-year statement) and then add any contributions you made in 2023 for 2022.
For 2021 you will use the value of your Roth IRAs on December 31, 2021 (see your end-of-the-year statement) and then add any contributions you made in 2022 for 2021.
@ChiMing
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
