dmertz
Level 15

Retirement tax questions

The Tax Cuts and Jobs Act of 2017 suspended until 2026 any miscellaneous deductions subject to the 2% of AGI floor, so you cannot take this deduction on your 2024 tax return.  You might treat the distribution of this unrecoverable basis as a rollover to your Roth IRA, increasing your basis in Roth IRAs.

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