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New Member
posted Jun 3, 2019 5:34:37 PM

Under income, if your IRA shows a loss, will that actually count as a loss when calcualting your AGI?

there has been no withdrawal of money from the IRA

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1 Best answer
Level 3
Jun 3, 2019 5:34:40 PM

Maybe you have an error if your IRA (line 15b of Form 1040) shows a negative amount?

Please post back to THIS thread with more details.

3 Replies
Level 15
Jun 3, 2019 5:34:39 PM

If you have made no distributions from the IRA, you have not incurred a deductible loss.

Level 3
Jun 3, 2019 5:34:40 PM

Maybe you have an error if your IRA (line 15b of Form 1040) shows a negative amount?

Please post back to THIS thread with more details.

New Member
Jun 3, 2019 5:34:42 PM

i made a mistake and it was not my IRA account, but a regular account - thank you for answering!