I'm confused. I invested money that was in my traditional self directed IRA account with this Company in 2016. They made monthly interest only payments to my IRA. I withdrew that money from my IRA and paid taxes on the money each year. Then in 2023 they completely stopped making payments and then filled for bankruptcy. So now I've lost all the "principle" amount of money. That lost money is what I want to be able to use as a tax deduction.
I know there is a way to deduct money lost in the stock market up to I think $3000 per year. Is there something like that available for my situation?
Thanks.
