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No taxable income, do I still need to report small capital loss?

If my income is below the standard deduction and exemptions for a household of three people, do I really need to report a capital loss of 30 dollars?

Can I just go ahead of file my taxes?

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1 Reply
AmandaR1
New Member

No taxable income, do I still need to report small capital loss?

You should report it, all amounts are reportable regardless of how small the amount. If it's not used to offset any income, at least you'll have it on your carry forward forms for next year.

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