You'll need to sign in or create an account to connect with an expert.
Unfortunately, the loss of value inside a 401K is not deductible for tax purposes. There are a lot of other taxpayers that wish this loss was deductible as well.
Unfortunately, the loss of value inside a 401K is not deductible for tax purposes. There are a lot of other taxpayers that wish this loss was deductible as well.
No, because you can not deduct from taxable income, that which you never paid taxes on in the first place.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
bjw5017
New Member
lawrencedorsey074
New Member
zenmster
Level 3
ddm_25
Level 2
Idealsol
New Member