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can I claim loss in tax return if I sell my IRA stocks that lose money?

Question:
And I want to withdraw from my Roth IRA account. Is there still panelty if I don't make any capital gain?

Answer:
You can withdraw the Roth with no tax on any amount equal to, or less than, the original contribution amount. You can deduct the loss as unrecovered investment in an annuity (assuming that you have enough itemized deductions) under miscellaneous deductions on Schedule A. It will not be subject to The 2% limit. Please see a professional preparer. If they do not know about this way to deduct the loss, find one who does.
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