I was age 59 and 9 months
I took $50,000 of IRA money and invested it, inside the IRA. The investment went south and I only received $28,516 creating a loss of $21,484. It was invested for over 5 years. I received a 1099R showing $28,516 and with X-Taxable Amount Not Determined.
I believe I should be able to enter this as a Capital Loss but am not sure how or where on my tax return.
Can you give me some guidance?
Sandee
