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February 6, 2025
Question

I sold stock that was an IRA that lost a lot of money then bought a Roth and claimed that as income, do I claim the stock loss as a loss on my taxes?

  • February 6, 2025
  • 1 reply
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    1 reply

    February 6, 2025

    No, the Tax Cuts and Jobs Act of 2017 has suspended the deduction for losses in funds contributed to IRA's through tax year 2025.

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