Can I deduct Roth IRA investment losses? For instance, I added $20,000 to a Roth IRA, and if I cash it out, it's now only worth $7,000 - $13,000 less than what I invested

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Can I deduct Roth IRA investment losses? For instance, I added $20,000 to a Roth IRA, and if I cash it out, it's now only worth $7,000 - $13,000 less than what I invested

Deducting Roth IRA losses is a complicated endeavor with some qualifying events. See article below.

https://turbotax.intuit.com/tax-tools/tax-tips/Investments-and-Taxes/Are-Losses-on-a-Roth-IRA-Tax-De...

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Can I deduct Roth IRA investment losses? For instance, I added $20,000 to a Roth IRA, and if I cash it out, it's now only worth $7,000 - $13,000 less than what I invested

Deducting Roth IRA losses is a complicated endeavor with some qualifying events. See article below.

https://turbotax.intuit.com/tax-tools/tax-tips/Investments-and-Taxes/Are-Losses-on-a-Roth-IRA-Tax-De...

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

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