As I said. Have you sold the securities that have the loss? If you are still holding the securities then it is a paper market loss only. It only becomes a real loss when sold for less that you paid wich then does become a deductible loss that can offset the taxable amount of your IRA and SS taxable distributions, upt to $3,000 per year until used up.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
