How can we help?
search-icon
Popular Topics:     Import Options  •   Refund Status  •   Amend Return  •   File Extension
Help Center>
Miscellaneous Deductions - IRA Loss on Total Distribution
1
To enter a loss on your IRA in TaxACT after the entire IRA has been distributed:
  1. From within your TaxACT return (Online or Desktop) click on the Federal Q&A tab
  2. Click Itemized or Standard Deductions to expand the category and then click Other expenses related to taxable income - Subject to 2% of AGI Limit
  3. Click Continue
  4. Enter the amount of your loss in the box titled Loss on traditional or ROTH IRAs, when all amounts have been distributed at the very bottom of the list