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New Member
posted Mar 28, 2025 10:18:07 PM

Should I amend my federal tax refund to include my stock option losses for the year of 2024?

I gained about $8000 in stock options in the 2024 bull run but I became ill and did not wake up for market open three days in a row effectively losing the entirety of the money.

0 2 1880
2 Replies
Expert Alumni
Mar 31, 2025 3:21:44 PM

I think you mean you were up $8,000 on your investment but failed to close the transaction in time to realize your gains. If so, you can't deduct a loss since it was not realized. You can only deduct the amount of money you invested if you lost that permanently.

Level 15
Mar 31, 2025 4:39:20 PM

Realized losses should be reported as shown on consolidated 1099-B from broker. If your options expired the broker will report that also.