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Retirement tax questions
If you didn't have any trades in 2022 or 2023, then you wouldn't need to report any investment sales for those years. However, if you had capital loss carryovers from 2021, they would need to be reported on schedule D to deduct the $3,000 of net capital loss deduction allowed each year.
Also, you don't deduct losses until you dispose of a security. So if your losses are just on paper, you would not report those on your tax return until the year you sold the security or it became worthless.
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‎April 7, 2025
9:21 AM