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klwbeaverair
New Member

Can I deduct long term capital losses from a IRA MRD? Where do I enter the deduction?

 
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Hal_Al
Level 15

Can I deduct long term capital losses from a IRA MRD? Where do I enter the deduction?

No. All distributions from an IRA are taxed as ordinary income and not eligible for long term capital gain treatment.

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1 Reply
Hal_Al
Level 15

Can I deduct long term capital losses from a IRA MRD? Where do I enter the deduction?

No. All distributions from an IRA are taxed as ordinary income and not eligible for long term capital gain treatment.

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