If a contributor has a loss from his or her investment in a qualified tuition program (QTP), the loss cannot be taken on the contributor’s tax return, even when all amounts from that account have been distributed and the total distributions are less than the contributor's unrecovered basis.  Prior to 2018 this type of loss would have been allowed as a miscellaneous itemized deduction subject to a 2% of AGI reduction. This deduction category was suspended by the TCA and permanently eliminated by the OBBBA, so is no longer allowed.