I have and IRA that held a company that went out of business. Can I take a tax write off for the loss?

1 ⤊

I have and IRA that held a company that went out of business. Can I take a tax write off for the loss?

2006-12-19 00:38:58 · 2 answers · asked by steve r 1 in Business & Finance ➔ Taxes ➔ United States

2 answers

If it was a traditional IRA that would all be pretax money. In that case there would be no loss. If you had any previously taxed money in an IRA you could take a loss for that.

2006-12-19 02:19:39 · answer #1 · answered by ? 6 · 1⤊ 0⤋

Generally: No

2006-12-19 00:53:30 · answer #2 · answered by Wayne Z 7 · 0⤊ 0⤋