If i am entering my information for what i contributed to my retirement plan do I put in investment/losses or just my closing balance?

[ellat127]

My gains and losses are loss of $146.91 and closing balance of $521.79. Do I combine the two because it was a loss?

[VolvoGirl]

Huh?  You don't report gains or losses or balances in retirement accounts.  You only enter it from your W2 nowhere else.  What kind of retirement or where are you entering it?

[ralphnsue]

Are retirement account losses deductible?

[DoninGA]

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@ralphnsue wrote:

Are retirement account losses deductible?

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Gains or losses within a tax deferred retirement account such as a 401(k) or an IRA are not reported on a tax return.