a.. Retired from company at age 57 in 2000 b.. Made a trustee to trustee transfer of pretax 401K to a variable annuity $600K from company to brokerage firm.
The questions are:
How much of the loss can I take on my income tax return?
Where can the loss be reported on my income tax return?
Can any of the loss be carried over from year to year if it is not beneficial to take it all in 2006 tax year?
Please cite sections of the code, publications, regulations and rulings etc.
Thank you in advance for your help!