I'm confused now because I found this online. My understanding of it is that you can't deduct them from retirement income such as Social Security or IRAs. "IRA and 401(k) losses are an itemized deduction, so you can't claim it unless you give up the standard deduction. It also is categorized as a miscellaneous deduction subject to the 2 percent of adjusted gross income limit, so you can only deduct the portion of the loss that exceeds 2 percent of your AGI.".
PS. My loss to date is 16K from a regular brokerage account, not a retirement account. Thank you much.
