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BILL86
Returning Member

Arkansas state tax return for 2019

AR 3 Miscellaneous deductions  line 21 has a generated entry "LOSS FROM TOTAL DISTRIBUTION OF ALL ROTH IRAS" with a huge amount.  I can not find where this comes from or how to delete.  Makes me wonder what other errors are in the Arkansas state return.  Help me please!! 

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ThomasM125
Expert Alumni

Arkansas state tax return for 2019

If you withdraw all of your IRA funds and the proceeds are less than what you contributed, then you can deduct a loss on the transaction. 

 

If this was reported on your state tax return, it would come from an entry on your federal tax return. Did you enter anything associated with a loss on your IRA investment?

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