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Money Stolen from Retirement Account

yeknod
Level 3

TP had 39K stolen from his retirement account.  I have it entered on the Worksheet and the numbers transfer to the 4864 and line 12 is $38,900 but line 17 and 18 or not calculating.  

I checked box 3a (Personal) on the Worksheet.  Should I have checked business? When I check business it calculates.  Is an IRA considered an income producing property?

Any Suggestions?

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Just-Lisa-Now-
Level 15
Level 15

Casualty losses were taken away for 2018 unless they were due to a federal declared disaster area.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

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3 Comments 3
Just-Lisa-Now-
Level 15
Level 15

Casualty losses were taken away for 2018 unless they were due to a federal declared disaster area.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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Ernie
Level 9

I believe that money stolen from an IRA is not deductible until all IRA's have been closed out.

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rbynaker
Level 13

Did they issue a 1099-R?

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