I’m willing to bet that many advisers have clients who opened new IRA accounts over the last several years. These accounts are likely worth significantly less today than the total amount of original contributions due to the unprecedented market declines experienced over the last two months.
Is there any way to obtain at least some tax benefit from losses in IRA accounts?
Initially, one might think that there’s nothing that can be done to realize any tax benefits due to the losses in IRA accounts. But in fact, IRA account losses can be recognized and lead to tax benefits for the right kind of clients.
Today’s post is a part of 
Did you have clients perform an IRA conversion to a Roth IRA last year? If so, I’m willing to bet that the value of the account when the conversion took place is a bit higher than it is now. There may still be time to undo the conversion and potentially save clients money.
Yesterday I responded to a 
