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Level 2
June 4, 2019
Solved

Under income, if your IRA shows a loss, will that actually count as a loss when calcualting your AGI?

  • June 4, 2019
  • 3 replies
  • 38 views
there has been no withdrawal of money from the IRA
Best answer by CherylW

Maybe you have an error if your IRA (line 15b of Form 1040) shows a negative amount?

Please post back to THIS thread with more details.

3 replies

Level 15
June 4, 2019
If you have made no distributions from the IRA, you have not incurred a deductible loss.
CherylWAnswer
Level 11
June 4, 2019

Maybe you have an error if your IRA (line 15b of Form 1040) shows a negative amount?

Please post back to THIS thread with more details.

DGO-wellAuthor
Level 2
June 4, 2019
i made a mistake and it was not my IRA account, but a regular account - thank you for answering!