wdettlaf
New Member

I have an asset in a self directed IRA that is now worthless. How can I remove it from my total value of all Traditional IRA's?

 

Retirement tax questions

Your IRA year end statement form the financial institution should reflect the year end value of that IRA account.

**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.**
dmertz
Level 15

Retirement tax questions

Investments in self-directed IRAs becoming worthless seems to be a relatively common occurrence.  The IRA custodian will continue to report the original value until they accept an independent appraisal of the asset to change that value.