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

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

Can I claim capital losses on sales in my IRA if I made an ordinary cash distribution this year?

 
Connect with an expert
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 Best answer

Accepted Solutions

Can I claim capital losses on sales in my IRA if I made an ordinary cash distribution this year?

Sales of securities within an IRA, whether resulting in a capital gain or a capital loss, are not included in your tax return.  All distributions from an IRA are taxed at ordinary income tax rates and never at capital gain rates.

View solution in original post

1 Reply

Can I claim capital losses on sales in my IRA if I made an ordinary cash distribution this year?

Sales of securities within an IRA, whether resulting in a capital gain or a capital loss, are not included in your tax return.  All distributions from an IRA are taxed at ordinary income tax rates and never at capital gain rates.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies