So if I understand what you're saying. I put money in my traditional IRA back many years ago and therefore didn't pay income taxes on that money going into the account. Then I use some of that money and invest it in a Company. The Company pays interest into my account on that loan. I pay taxes on the money I take out. So far this is all standard. But now the Company goes bankrupt and the money I invested in them is lost. You're saying, That lost money is just gone and I can't even deduct any of that investment loss on my taxes?
