Traditional IRA distribution

[ml_l]

I have a taxable brokerage account with capital losses. Can I offset some of those losses with a voluntary distribution from my traditional IRA account?

[VolvoGirl]

If you have realized losses (meaning you had actual sales)  you can only deduct a max 3,000 loss per year. The rest you have to carry over.  So I guess you could take a 3,000 distribution from your IRA.  But if you are under 59 1/2 you will also have a 10% early withdrawal penalty on an IRA distribution.  

[fanfare]

Only a bit.

 Line 6 capital loss does not help you with Line 4b IRAs, beyond the maximum of $3,000 in losses.