IRA basis

6 Steps to Deduct an IRA Loss

Monday, March 21, 2016
Can you deduct a loss in your IRA or Roth IRA? The answer is yes, if you meet the criteria. It is much easier to deduct a loss in a Roth IRA than in a traditional IRA because Roth IRAs generally hold more basis than a traditional IRA. Basis in a traditional IRA comes only from nondeductible contributions and/or rollovers of after-tax funds previously held in an employer plan. Basis in a Roth IRA comes from Roth IRA contributions, Roth IRA conversions and most rollovers from designated Roth accounts (i.e. Roth 401(k) funds). Here are the six steps.
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Slott Report Mailbag: Who Has Rights of This Inherited IRA?

Thursday, June 26, 2014
Retirement planning is complicated. It's a personal and situational endeavor with plenty of possible pitfalls in the way of success. This week's Slott Report Mailbag illustrates several various situations in which the individual sought help from either publications or professionals and is still left confused. Click to read this week's Q&A with our IRA Technical Consultant.
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