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Author: mikedarrett Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 79085  
Subject: Re: When can Roth IRA be used tax free? Date: 2/6/2002 7:15 PM
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I spoke with an H&R Block representative, and she said that since the Roth grows tax-free, losses on the Roth cannot be
claimed as deductions either.

Can you explain...?

Your will find the explanation clearly outlined on page 33 of IRS Publication 590 (Individual Retirement Arrangements)
available for download at http://www.irs.ustreas.gov/forms_pubs/pubs.html. As you can determine for yourself after reading
that section on "Recognizing Losses on IRA Investments," the H&R Block representative needs to enhance her education. She
is clearly incorrect on the matter.


My apologies if I'm missing something obvious here, but the Roth IRA section in the abovementioned article is on pg. 48-56, and says nothing about recognizing losses on Roth IRA investments.

This section also says nothing about being able to withdraw money from the principal of the Roth except for certain situations (unemployed, buying a home, reached retirement age, etc.)

I feel like a Fool going crazy,


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