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If there was no basis in nondeductible contributions in the traditional IRA, including any after-tax basis rolled over from the retirement plan, there is no claimable loss. You simply have less money on which you must pay taxes. (You cannot take a deduction for a loss of value on which you had never paid taxes in the first place.)
If there was no basis in nondeductible contributions in the traditional IRA, including any after-tax basis rolled over from the retirement plan, there is no claimable loss. You simply have less money on which you must pay taxes. (You cannot take a deduction for a loss of value on which you had never paid taxes in the first place.)
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