There is nothing for you to pay or report.
Sorry, IRA losses can no longer be claimed from 2018-2025 because of the Tax Cuts and Jobs Act of 2017.
In any event, that deduction would be an itemized deduction anyway and would do nothing unless you had more deductions than your standard deduction and first reduced it by 2% of AGI.
**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.**
