I submitted a loss of $5,000 from stock trading, however it did not change the amount I owed before submitting it because I am self employed. Anyway I can change this so it can effect my deduction please?
Thanks!
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hopefully, you did not put it on schedule C. stock transactions are reported on form 8949 and carried to schedule D. the allowable loss on schedule D is carried to schedule 1 line 13
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