I purchased a traditional IRA for $2500 20 years ago and totally cashed it out last year for $1675.- I lost money. Can I claim this loss

I purchased a traditional IRA 20 years ago and entered an IRA contribution of $2500 on my income tax at that time.  Last year, I sold it completely for $1675 - a net loss of $825.  But TT appears to be taxing the $1675 as ordinary income.  How should I report this -  I am 64