In limited and unusual circumstances, losses from an IRA can be treated as a
deductible loss.
1. You must withdraw the entire balance from all your IRAs of the same type;
2. And the total distribution is less than after tax basis.
How to decide the after tax basis of your IRA?
(1) Traditional IRAThere is only one way to get basis in your traditional IRA
account: making nondeductible contributions to your traditional IRA account in
prior years. If you have never made nondeductible contributions t
