@dbrier2 wrote:
If you have a loss in the traditional Ira can that reduce your taxable amount if some of the contribution was before taxes ? ie; contribution $5000. only $1000 (non-deductible) after taxes, account is only now worth $4000 due to an investment loss.
A loss just means that you have less money to convert so there is less to tax if taxable.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
