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

[Agjoseph283]

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.

[ThomasM125]

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.

[fanfare]

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