Long term capital loss

[Swampfox]

I opened a Precious Metals mutual fund with $18,000 in 2010.  By 2014 its value dropped to about $7500, at which time I converted $6500 of it to a Roth IRA.  Last year I closed out the account and moved the balance ($8800) to a different IRA account.  Can I claim any of the loss as a long term capital loss? 

[RobertG]

The Internal Revenue Service does not permit you to deduct losses from your Roth IRA.

Please see the TurboTax website: Are Losses on a Roth IRA Tax Deductible?

[VolvoGirl]

What kind of account did you originally open?  Was it a regular IRA Account or just a personal mutual fund account?  You would only convert from a Traditional IRA.  Or It would be a new contribution to a ROTH.  Either way you should have reported something on your 2014 return and it should have been a taxable event.  @dmertz 

[Swampfox]

It started out as a regular personal  non-IRA mutual fund in 2010.  In 2014 I initially converted it to a traditional IRA, then a month or so later, converted it to a Roth, don't ask me why.  It must have seemed like a good idea at the time.  At least, this is what I think happened based on my documents.  I looked back and did not find anything in my 2014 taxes related.  I probably thought since it was going into an IRA, I wouldn't need to worry about it at that time.

I understand that the IRS does not allow us to claim losses on an IRA fund, but is that still true if a fund started out as a personal non-IRA fund, lost money, then was converted to an IRA?  Could I have reported a capital loss in 2014, or now, or is that not possible once it became an IRA?

Many thanks!

[Swampfox]

Many thanks for the reply, Robert!