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rhhaupt
New Member

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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TomK2023
Expert Alumni

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

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.

 

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

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 

 

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