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New Member
posted Apr 5, 2024 11:11:35 AM

Do I have to report a stock loss? A -$37 loss is making me pay $129 just for a schedule 'D' form.

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2 Replies
Expert Alumni
Apr 5, 2024 11:24:37 AM

Yes.  You'll have to file a Schedule D form if you realized any capital gains or losses from your investments in taxable accounts

 

If you don't report a loss on the sale of a Stock, the IRS will assume the proceeds from said sale to be all profit - assess tax on a false gain.

 

Level 15
Apr 5, 2024 11:45:29 AM

there may be free versions, not Turbotax, that you may be able to use.

https://www.irs.gov/filing/free-file-do-your-federal-taxes-for-free