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Author: TMFPixy Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76398  
Subject: Re: Aggressive investing - Roth IRA Date: 1/5/2000 10:26 AM
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Greetings, gwmgwm, and welcome. You asked:

<<What if aggressive investing of a Roth IRA results in a loss?
The stock in my wife's 99 Roth IRA is currently at about a 33% loss. Could I cancel, before 17 April 2000, the Roth IRA and open a separate spousal traditional IRA (assuming she qualifies)? Would the loss be deductible anywhere?>>

IRS Publication 590 is silent on losses in a Roth IRA. It does address loses in traditional IRAs. See page 29 for details. My guess (and that's all it is) that if your spouse closed all her Roth IRAs and showed a loss, then the tax treatment of that loss would be similar. Try posting this query on the Tax Strategies board where the tax experts reside. Someone there is sure to have the correct answer.

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