Hi!
My employer was purchased and they rolled over my 401k into a rollover ira account that was managed by schwab. Schwab sent a year end summary saying a bunch of the stocks they sold in the ira resulted in losses. Is this loss deductible?
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The short answer is No.
Your gain or loss on retirement savings isn't realized until you start withdrawing from your savings. Assuming you have several years until you retire there's a good probability that your loss will be overcome by future gains.
thanks! so i guess the fee isn’t deductible too.
No, unfortunately, the fee is not deductible either.
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