In order to claim a loss on IRA investments, you must withdraw the entire balance from all your IRAs of the same type. For instance, if the loss occurred in a Traditional, SEP or SIMPLE IRA, you must withdraw the balances from all your Traditional, SEP and SIMPLE IRAs (hereinafter collectively referred to as Traditional IRAs). If the loss occurred in a Roth IRA, you must withdraw balances from all your Roth IRAs in order to include the loss on your tax return