I realized a loss of a land investment held in my IRA. It is reported on a K1. Can I carry this loss forward at $3000/ year until complete?

bbsmith · ‎June 1, 2019

MinhT · ‎June 1, 2019

Any earnings or losses on property held in an IRA are tax-deferred.

You cannot claim the loss and do not report it on your tax return.

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MinhT · ‎June 1, 2019

Any earnings or losses on property held in an IRA are tax-deferred.

You cannot claim the loss and do not report it on your tax return.

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**Mark the post that answers your question by clicking on "Mark as Best Answer"

TaxGuyBill · ‎June 1, 2019

And the K-1 is issued to your IRA, right?

bbsmith · ‎June 1, 2019

Yes, the K-1 is issued to the IRA

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