- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
" If i had taken a loss on my excess contribution instead of making a gain, would that loss then be a deduction in my 2018 taxes (just like it was a taxed gain when i had a gain)?"
In the case of an return of excess contribution from an IRA, unfortunately, no. No box on a Form 1099-R is permitted to contain a negative number.
March 12, 2020
7:12 PM