How and When Can You Deduct a Loss on Your IRA Investments

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All earnings of your investments in your IRA – whether of tax-deductible contributions or nontax-deductible contributions grow tax-deferred until they’re withdrawn. Then they’re taxed as ordinary income. But your basis is never taxed. Those who have only made tax-deductible contributions will have everything in their IRA liable to income taxation. Here’s how it works…

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