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Author: TMFTaxes Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121150  
Subject: Re: Stock in a bankrupt company Date: 11/8/1999 10:16 PM
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<<I hold Filene's Basement stock in a regular and Roth IRA. The company has filed Chapter 11. Can I take the capital
losses?>>

Sorry. Nope. Losses in your IRA are not deductible on your personal tax return. Just as gains in your IRA accounts (either traditional or Roth) are not taxable to you on your personal tax return. The razor cuts both ways.

Sorry for the bad news...
TMF Taxes
Roy
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