KarenL
Employee Tax Expert

Get your taxes done using TurboTax

Unfortunately, yes, you are required to report the stock sales.  If you don't, the IRS will take the "sold" price and not the net gain and adjust your tax return on your behalf.  If it results in additional taxes, you will owe income taxes and potentially interest on it as well. Although it may be minimal (if any at all) If they discover you "intentionally" left them off, they can go back and review your tax returns from all prior years.  

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