28-Oct-17
Self-Directed IRA’s – Tax Losses
Take-Away: A IRA’s investment losses cannot be claimed by the IRA owner on his or her personal income tax return. Background: IRAs are generally tax-exempt. IRC 408. But some self-directed IRAs can also produce taxable (not tax deferred) income on which a current income tax will be owed. IRA Taxable Income: An IRA can be […]
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