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What if my 401(k) drops in value?
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Generally, you can not claim a capital gains loss on your retirement accounts that already are receiving favorable tax treatment. The only time you would have a loss is when you receive a distribution that had previously been taxed.
 
For more information, see Publication 575, Pension and Annuity Income. This link will take you to additional an additional resource at www.irs.gov.

 

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