Q. Can I use the Free file Edition if my parents will be claiming me?
A. Yes
Q. Since i lost $400 in stock I will get some back?
A. No. A stock loss is a deduction against other income, so most people will see some tax savings. But since you income is so low, you are already at 0 calculated tax.
Q. do she have to file taxes if she makes no income but she plays stock and gain $50?
A. Technically no. A dependent does not have to file if they have less than $1100 of investment income, including capital gains. But if her broker issue a 1099-B show more than $1100 in sales, she may want to file to ward off an IRS inquiry
