Are you infact, able to deduct losses on ROTH IRAs ?
452344
No in most instances.  There is only one way to take a loss on a Roth, and it involves completely closing out the account.  I recommend taking a look at IRA publication 590, and after that confuses you (like it does everyone else) talking to a tax adviser.  Or the IRS.  Or just give up and not worry about it-it's too much hassle!  I'll post the link that I THINK goes to the pertinent info.
135303
the tax law is that you will recieve a gambeling winnings statement from the location you gambeled and you have to report that in your income. but you can deduct your gambeling losses up to your gambeling winnings. for example you win a $100 but in the process you lose $150 you can deduct up to your 100 winnings but the 50 lose is your lose and therfore not tax deducatble.
206419
you can deduct it on your tax return\n\ngo to www.irs.gov for tax laws and information.
938955
you prolly can, but you will pay HUGE early withdrawl fees and taxes.\n\nit is designed as a RETIREMENT ACCOUNT, the money is for your retirement, that is why early withdrawls out of a 401 {k} are highly troublesome
94643
Generally, no. If you use the vehicle for business (commuting doesn't count) you can take a portion of the depreciation as a deduction.
49054
As I understand it, you can recharacterize it as a Roth IRA next year. However, at that time you will owe taxes on the value of the account (which will likely be greater than the initial amount invested).\n\nIt only makes sense if you expect to be taxed next year at a lower rate.
468645
Yes you can absolutely.  they are two different animals.  A traditional IRA is funded with before tax dollars and a Roth IRA is funded with after tax dollars. A disbursement from a traditional IRA is taxed, and disbursement from a Roth IRA is not.
756433
If you are a US citizen, it's the same rate whether you are retired or not, and the rate depends on what type of income, how much, and what your deductions are (not a simple equation).  The exception is for income received from an exempt source, such as a Roth IRA (which has already been taxed) or from exempt income, such as interest from US Treasury securities.  See your accountant or financial planner for specific details.
70900
Yes you can.  And I recommend it.  ETrade IRAs give you more control and may be less costly.  I have been a customer of ETrade for over 5 years and the company has only gotten better as time goes on.  Their online instructions are easy to follow and there is always a live person to talk to (although try not to call during the peak time of day because you may have to wait more than 30 minutes to talk to someone live.)
47706
Yes, it may.\n\nRoth is a better choice.  But if you make too much money to qualify for a Roth IRA (and it doesn't take much - I think $150K or something pretty minimal), then you may want to contribute to a traditional IRA, on the bet that you can postpone the taxes on your gains, at the hope that your tax rate will be less when you withdraw the money.
80363
No they are not, you must count these as income.  If the stocks are kept in a 401k or ira plan you would not have to count the income.  You may be able to take in stock losses as deductions
816976
Your downpayment is not deductible, however, any mortgage interest, discount points, and property taxes that you paid at closing are.deductions you may take on yor Schedule A thereby reducing your taxable income.
236536
The gross amount of the taxpayers gambling winnings is taxable for the federal return. You can also deduct you losses from your winnings but you can not deduct more than you won
192430
Yes they do, but you can deduct foriegn tax off of the net owed up to $300.  So if you would normally owe $250 and paid $300 in foriegn tax, then you wouldn't owe the IRS anything.  If they see large amount of money floating around in your accounts without the proper paperwork, they get suspicious.
453308
I just spoke to the principal of an international school about this last week.  His school has worked out a Roth with an office that is in a U.S. territory nearby.  The tax is prepaid so there's no tax or penalty paid at retirement.  Email a investor in the Mainland to see what they can offer.  Some offices are just ignorant of the law, as most folks are for most things like voting, taxes, shipping things to people who are abroad.  You may want to email an investment group someplace like the Virgin Islands, Guam, Puerto Rico...  They're more familiar with policies and retirement programs for Americans living outside the Mainland.
1084132
Depends if it has appreciated in value and if you are selling it.  If yes to both of those, then yes (unless you can offset it by capital losses).
208027
It depends on your personal finances.  If you own a home and have a mortgage on it, you can deduct the interest.  You have to itemize (schedule A) to get most deductions on a personal return, but once there, you can also deduct charitables and medical expenses if they are very very high relative to your income.  The best strategy for most individuals is to try and minimize your income in the first place by contributing to an IRA (traditional) or to participate in the 401(k) plan where you work.  Not knowing anything about your personal situation, I can't offer much more advice than that.