Skip to main content
June 3, 2019
Question

I have Short term realized losses in my retirement account for 2016. Can I deduct those if I itemize?

  • June 3, 2019
  • 1 reply
  • 0 views
No text available

1 reply

Employee
June 6, 2019

No, losses incurred within a retirement account such as an IRA or a 401(k) are not deductible.

However, interest, dividends, and capital gains earned are not taxable.