Thinking about taking a full distribution from my Traditional IRA & I am over 59 1/2 as is my spouse (we file MFJ). If we have $77k in s/t carryforward loss & $147K in l/t carryforward loss (total of $224k) will the full taxable distribution from my IRA approx $113k be netted against that loss and thus we wouldn't have to pay any additional tax? Just want to confirm before we request the distribution. Thank you in advance for your time.
