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First thank you Angela,But my question is can we deduct the total 30,000 we lost at one time on our 2012 return it was not a Roth Ira, it was a reg IRA DTD it say's on the client statement. We put in $60,000 and when we transfered what we had left which was about 30,000 we then bought annuties.I do file long form 1040, I have 1 grand child and her son who live with us. and who we totally support.