Me too. Can't find it in 590B. What page are you referring to where it says about taking a deduction? https://www.irs.gov/pub/irs-pdf/p590b.pdf
Because that doesn't sound right. If you made Traditional IRA contributions you already got a deduction when you contributed to it. Then if you had a loss you would just have less withdrawals to take out and pay take on.
The only thing I know is....
You used to be able to deduct it but only If this was your ONLY IRA and you closed it AND did NOT take the tax deduction for your contributions.
