smjsl.......here's something related to your question
Fairmark Forum :: Other Tax Questions :: TIRA converted to Roth IRA in 2009
(for all I know, might even be you). Looks like I overlooked one key point.......in the referenced thread, it sounded like you needed to have basis (from non-deductible TIRA) to be able to deduct loss. Another important point that needs researching is whether conversion to Roth constitutes the liquidation needed to take the loss deduction.
The linked thread suggests no but I'm pretty sure I saw something recently that said otherwise.....provided there was no TIRA left after conversion. Need further work on this point.
This might have been what I saw
http://www.edslott.com/forum/viewtopic.php?f=1&t=3628
see the comment by alan oniras
Fairmark Forum :: Other Tax Questions :: TIRA converted to Roth IRA in 2009
(for all I know, might even be you). Looks like I overlooked one key point.......in the referenced thread, it sounded like you needed to have basis (from non-deductible TIRA) to be able to deduct loss. Another important point that needs researching is whether conversion to Roth constitutes the liquidation needed to take the loss deduction.
The linked thread suggests no but I'm pretty sure I saw something recently that said otherwise.....provided there was no TIRA left after conversion. Need further work on this point.
This might have been what I saw
http://www.edslott.com/forum/viewtopic.php?f=1&t=3628
see the comment by alan oniras