If I have capital gains in a retirement account, when I take a distribution, can I use my carryover capital loss to offset the capital gains in that distribution, or does it just become a normal distribution that is fully added to my income for tax purposes?
As a result of the Tax Cuts and Jobs Act, the option to claim a loss on IRA investments is no longer available as of 2018.
As a result of the Tax Cuts and Jobs Act, the option to claim a loss on IRA investments is no longer available as of 2018.
for as long as there have been IRAs capital gains and losses inside an IRA are never recognized by the beneficiary. Those capital gains become ordinary income when you take a distribution. there was a provision, since repealed, that allowed recognizing a loss under certain conditions.