401k rollover loss?
Wednesday, February 6th, 2008
jcvermont asked:
I rolled over a 401k from a former employer to my IRA in 2006. The 401k was a straight stock purchase plan, w/o any employer contribution. I had invested about $6000 in the plan, and when I did the rollover, the value of the 401k had gone down to around $4100 due to a drop in the company’s stock price. Is there any way to take advantage of this loss when filing my 2006 taxes?
I rolled over a 401k from a former employer to my IRA in 2006. The 401k was a straight stock purchase plan, w/o any employer contribution. I had invested about $6000 in the plan, and when I did the rollover, the value of the 401k had gone down to around $4100 due to a drop in the company’s stock price. Is there any way to take advantage of this loss when filing my 2006 taxes?
Thanks!
Question posted courtesy of: Tanya
