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If you sell a mutual fund (in a regular IRA account) that has a capital LOSS, and use the remainder to by a new fund, can you deduct the loss from your income tax - now.

eggster
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No. of Recommendations: 0
If you sell a mutual fund (in a regular IRA account) that has a capital LOSS, and use the remainder to by a new fund, can you deduct the loss from your income tax - now.

No, as long as the money is within the IRA account there are no tax consequences, neither capital gains nor capital losses.

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