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I put $2000 into a Roth IRA both this year and the last, buying SPYDERS. My $4000 investment is now worth ~$3500. I'm thinking about buying a condo, and pulling my money our of the IRA for part of the down payment. Had the account increased, I know I could have pulled at least the original contributions out without a penalty or paying taxes on it, and if I waited another three years, I could pull up to $10,000 of accumulated gains out as well to pay for a house with no penalties. But my account has lost money. If I sell everything now, and close the account, do I get a $500 capital loss?
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