How to claim loss on my tranditional ira account ?

I have trade some stocks in my traditional ira account in 2007 and have some short term gain. I am also holding a stock for a few years and still a loss in my ira account- I am planning to sell it. Do I have to sell it same year to net out my gain in my portfolio ? what is the tax rate for capital gain in ira account ?

Gains and losses within an IRA have no tax consequences and aren't reported. When you withdraw money, the amount withdrawn is taxed as ordinary income to you.

You don't claim it. Gains and losses within an IRA are not reported. The entire amount that you withdraw from a traditional IRA are taxed as ordinary income when you take the distribution.

A gain or a loss are not considered when it comes to an IRA. The only taxes you pay on your IRA are due when you take your money out of your account.

Do you plan on taking the money out of your IRA altogether, or will it stay in your IRA in another account (like a money market)?

If you sell the stock and keep the proceeds in your IRA, then there are no tax implications whatsoever, regardless if there is a gain or loss.

If you sell the stock and have the money taken out of your IRA, then you will pay ordinary income taxes on every dollar of your proceeds, plus you may pay an additional 10% penalty. This is regardless if you show a gain or loss.

Do you have a bank you deal with if so take all you have

To them and ask them how you can handle it?

They will be more than helpful to do it for you

And their charge will be none or small to cover their cost if any because you are an investor in their bank

That is what I do with my bank Chase