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Old 05-06-2022, 06:02 AM
retiredguy123 retiredguy123 is offline
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Quote:
Originally Posted by Topspinmo View Post
Why wouldn’t lost be tax deductible? There going collect taxes on withdrawals?
Actually, they are. For example, if your total pretax deposits total $100K, and your account drops in value to $80K by the time you retire, you would only owe tax on the $80K that you withdraw.