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Capital Losses

I brought stock from my qualifying IRA account and then sold it the same year 2019 for a loss and kept it in the qualifying account. Can I deduct the loss on my 2019 taxes? 

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1 Best answer

Accepted Solutions
ColeenD3
Expert Alumni

Capital Losses

No. In the same way that you are not taxed on any earnings held in an IRA, the loss is not deductible.

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1 Reply
ColeenD3
Expert Alumni

Capital Losses

No. In the same way that you are not taxed on any earnings held in an IRA, the loss is not deductible.

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