Miscellaneous Deductions - IRA Loss on Total Distribution
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To enter a loss on your IRA in TaxAct® after the entire IRA has been distributed:
From within your TaxAct return (Online or Desktop) click on the Federal tab. On smaller devices, click the menu icon in the upper left-hand corner, then select Federal
Click Itemized or Standard Deductions to expand the category and then click Other expenses related to taxable income - subject to 2% of AGI Limit
Click Continue
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
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