IRS Letters and Forms
Notice code 002

Notice code 002 — We didn’t allow your IRA loss on Line 15b of your tax return. You should claim the IRA loss on Sched…

What this IRS notice code means, and what to check before you reply.

What to do next

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002

Read the notice carefully and note any deadline. Gather returns, notices, and payment records. Book a free strategy session before responding if the amount is large, unclear, or collection language appears.

What the IRS language says

We didn’t allow your IRA loss on Line 15b of your tax return. You should claim the IRA loss on Schedule A, Itemized Deductions, as a miscellaneous itemized deduction, subject to the 2% limitation.

What it usually means

002 is in our IR Manual catalog. Official wording is dense — we translate it for business owners and individuals and map realistic next steps.

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