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lvixie
Returning Member

Can I claim a loss on a 2022 IRA contribution that was withdrawn?

I made a nondeductible contribution to a traditional IRA account in 2022 (it was made with post-tax dollars). I have pulled out the 2022 contribution in 2023, before tax day. There was a loss on the amount initially contributed. May I claim that loss anywhere as a deduction?  If so, where or what form?

 

Thank you!

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1 Reply
MaryK4
Expert Alumni

Can I claim a loss on a 2022 IRA contribution that was withdrawn?

No, unfortunately, you cannot claim a loss on a distribution from an IRA.  

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