2783251

CAN I CLAIM AS DEDUCTION ANY LOSSES FROM MY IRA OR NON-IRA SCHWAB ACCOUNT ? THE TOTAL WAS ABOUT $100,000 FOR A LOSS ?

posted

Connect with an expert

2 Replies

CAN I CLAIM AS DEDUCTION ANY LOSSES FROM MY IRA OR NON-IRA SCHWAB ACCOUNT ? THE TOTAL WAS ABOUT $100,000 FOR A LOSS ?

Gains or losses within a tax deferred retirement account are not reported on a tax return.

CAN I CLAIM AS DEDUCTION ANY LOSSES FROM MY IRA OR NON-IRA SCHWAB ACCOUNT ? THE TOTAL WAS ABOUT $100,000 FOR A LOSS ?

And for non IRA accounts you claim the loss when you actually sell the shares or fund. Did you get a 1099B for sales?

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post