topic Are invenstmet losses on an IRA not reported on 1099-R able to be deducted. I had an IRA that I put in $60K and when I took it out it was $2K in Retirement tax questions https://ttlc.intuit.com/community/retirement/discussion/are-invenstmet-losses-on-an-ira-not-reported-on-1099-r-able-to-be-deducted-i-had-an-ira-that-i-put/01/381703#M34070 Tue, 04 Jun 2019 01:13:08 GMT ceoviper 2019-06-04T01:13:08Z Are invenstmet losses on an IRA not reported on 1099-R able to be deducted. I had an IRA that I put in $60K and when I took it out it was $2K https://ttlc.intuit.com/community/retirement/discussion/are-invenstmet-losses-on-an-ira-not-reported-on-1099-r-able-to-be-deducted-i-had-an-ira-that-i-put/01/381703#M34070 Tue, 04 Jun 2019 01:13:08 GMT https://ttlc.intuit.com/community/retirement/discussion/are-invenstmet-losses-on-an-ira-not-reported-on-1099-r-able-to-be-deducted-i-had-an-ira-that-i-put/01/381703#M34070 ceoviper 2019-06-04T01:13:08Z Unfortunately, no. In the past, they were an itemized ded... https://ttlc.intuit.com/community/retirement/discussion/unfortunately-no-in-the-past-they-were-an-itemized-ded/01/381706#M34071 <P>Unfortunately, no. In the past, they were an itemized deduction for a <I>Roth</I> loss, but that has been eliminated with&nbsp;2018 Tax Cuts and Jobs Act&nbsp;(TCJA).</P> Tue, 04 Jun 2019 01:13:10 GMT https://ttlc.intuit.com/community/retirement/discussion/unfortunately-no-in-the-past-they-were-an-itemized-ded/01/381706#M34071 Coleen3 2019-06-04T01:13:10Z