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Get your taxes done using TurboTax
What about any income on line 8 of 1040? it can be offset by capital loss. If you have a net capital loss and don't enter it any carryforward will be permanently lost. There also could be an issue. if a 1099-B was issued. the gross proceeds the IRS has on file won't agree with your return which could cause a notice to be issued.
‎November 1, 2023
12:29 AM