If I sold a stock in 2018 within my IRA at a loss, when can I take the deduction?

Qtax09 · ‎June 4, 2019

I also closed my account in Jan. 2019 with the brokerage firm and took my IRA distribution at that time. Will I have to wait until next year to claim the loss or is it figured in to my distribution?

macuser_22 · ‎June 4, 2019

Never. Gains or losses within an IRA only raise or lower the value of the IRA and are not reportable. Only actual distributions are reportable.

**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.**

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macuser_22 · ‎June 4, 2019

Never. Gains or losses within an IRA only raise or lower the value of the IRA and are not reportable. Only actual distributions are reportable.

**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.**

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If I sold a stock in 2018 within my IRA at a loss, when can I take the deduction?