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The deductible loss from an IRA is a Sch A deduction and has no bearing on the subjects you mentioned.
The deductible loss from an IRA is a Sch A deduction and has no bearing on the subjects you mentioned.
Look at the wording ... you didn't have a "disposition" of an capital asset. You didn't sell anything, you cleared an IRA by taking distributions. What happens inside an IRA is treated differently than the same items in a regular broker's account. If you had sold property or an annuity outside of the IRA then that comes into play on the 8960. Read the line instructions again ...
Line 3—Annuities
Enter the gross income from all annuities except annuities paid from the following:
Section 401 - Qualified pension,
profit-sharing, and stock bonus plans;
Section 403(a) - Qualified annuity plans
purchased by an employer for an
employee;
Section 403(b) - Annuities purchased
by public schools or Section 501(c)(3)
tax-exempt organizations;
Section 408 - Individual Retirement
Accounts (IRAs) or Annuities;
Section 408A - Roth IRAs;
Section 457(b) - Deferred
compensation plans of a state and local
Line 5a—Net Gain or Loss From
Disposition of Property
Calculate and enter the amount of net gain
or loss from the disposition of property by
combining the following amounts from
your properly completed return:
Form 1040, lines 13 and 14;
Form 1041, lines 4 and 7;
Form 1041-QFT, line 3, and the portion
of line 4 attributed to ordinary gain/(loss);
Form 1040NR, the amounts properly
reported on the attachment to your Form
1040NR representing the amounts that
you would enter on Form 1040, lines 13
and 14, if you were filing Form 1040 and
including net gain or loss only for your
period of U.S. residency.
https://www.irs.gov/pub/irs-pdf/i8960.pdf
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