Investment Loss in Roth IRA account

[Guest katjab]

In 1999 we contributed $2000 into a Roth IRA account. The company stock we purchased went bankrupt. Are investment losses in Roth IRAs tax deductible since the contributions are with already taxed money? What are the tax laws on losses in investment retirement accounts?

Thanks.

[John G]

This topic comes up a lot on this board. It looks like there are some Texas wildcat investors out there, which is a shame since you don't need to bet on long shorts to have great success with a Roth.

See the below link:

http://benefitslink.com/boards/index.php?showtopic=12458