Skip to main content
Level 1
May 25, 2020
Question

SEP Deduction

  • May 25, 2020
  • 1 reply
  • 13 views

Several years ago, I invested about $50K in a REIT as part of my SEP IRA.  When the REIT was liquidated last year, I had lost about half of my investment.   Does this loss qualify for a Capitol Loss?

    1 reply

    Critter
    Level 15
    May 25, 2020

    Nope an IRA is like Vegas ... what happens inside an IRA stays in the IRA.  Since you contributed pre tax funds you will simply have less to distribute later so you will have to pay less taxes.