Permalink Submitted by Alan Spross on Fri, 2009-02-06 22:08
Not sure exactly what you mean, but there are no capital losses within an IRA, so IRA losses have nothing to do with the 3,000 cap loss limit.
However, if you have IRA distributions reported in taxable income, a capital loss can be applied against any ordinary income including the IRA distribution.
Permalink Submitted by Alan Spross on Fri, 2009-02-06 22:08
Not sure exactly what you mean, but there are no capital losses within an IRA, so IRA losses have nothing to do with the 3,000 cap loss limit.
However, if you have IRA distributions reported in taxable income, a capital loss can be applied against any ordinary income including the IRA distribution.