My wife, when she retiured in 2006, rolled over her IRA into a bank sponsered IRA. She invested $15,600 +/- at the time and was charged a
5 1/4% commision so her actual investment was $14,800 +/-. In mid-2010, we rolled her IRA into a brokerage sponsered on which was valued at $15,600 and is now valued at $14,400.We're doing some estate planning and are thinking of cashing her IRA out (she's 73 and I'm 69) Her" investment," ( $15,600-$14,400=$1200 loss) is showing a loss. Can this loss be captured as a loss? Or is her loss actually $14,800-$14,400=$400 or something else? R. Wink- posted
9 years ago