bamafan4
Returning Member

Get your taxes done using TurboTax

So along these same lines, I received a settlement check stemming from a class action against Inovio Pharmaceuticals. The settlement was for far less than the loss I sustained due to the drop in the stock price. I have claimed that loss on previous tax returns to offset other capital gains. If the amount of taxes offset by the sale of the stock plus the settlement amount is less than my total loss, the settlement does not need to be reported, Correct?