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February 15, 2024
Question

Closed Roth IRA with Loss

  • February 15, 2024
  • 1 reply
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I liquidated and closed my Roth IRA account and received a 1099-R from my institution. How do I report my loss in turbo tax? I understand I am supposed to report it under miscellaneous deductions but I can’t seem to find it. 

    1 reply

    February 15, 2024

    this deduction is only available through 2017. For tax years after 2017, the deduction is no longer available.