- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
Please enter the information from the Form 1099-R that you received exactly as it appears on the form unless you believe the financial institution made an error.
If the funds were acquired from you by theft, you could report the theft as a casualty loss - except that, for tax years 2018 through 2025, if you are an individual, casualty or theft losses of personal-use property are deductible only if the loss is attributable to a federally declared disaster. Theft losses are generally only deductible in the year you discover the property was stolen.
As fanfare states above, you can make deductible contributions up to your applicable limit if you are eligible.
You may wish to seek legal advice to determine if there are other options available to you regarding the theft.
See here for more information on this topic from the IRS.
**Mark the post that answers your question by clicking on "Mark as Best Answer"