BobKamman
Level 15
02-15-2025
07:29 PM
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Section 165 allows personal casualty losses, 2017-2025, to the extent there are "personal casualty gains." It's difficult to stretch the IRA withdrawals into that category, but maybe not impossible. I would not roll over and admit defeat too quickly on this one. Especially when IRS may be short of auditors by the time the return is filed.