Re: Lost Interest

I lost $2,000 worth of interest on an IRA when I rolled it over into another annuity. Is there a place to report this loss on the Turbo Tax Deluxe program?

posted

I am sorry, but the only way to deduct a loss on an IRA is to withdraw all funds from all of the IRA's that you have, and if you have a net loss then you can deduct that loss.

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