turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

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Can I claim a loss on a 2022 IRA contribution that was withdrawn?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

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

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Can I claim a loss on a 2022 IRA contribution that was withdrawn?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

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies