Hello! When doing my taxes, I forgot to include a small loss in a stock I invested in in 2022; I invested $35, and lost $1.39. Should I change my return to include that?

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Hello! When doing my taxes, I forgot to include a small loss in a stock I invested in in 2022; I invested $35, and lost $1.39. Should I change my return to include that?

Probably not.

Have you tried entering the transaction to see if it would change your tax liability?

Hello! When doing my taxes, I forgot to include a small loss in a stock I invested in in 2022; I invested $35, and lost $1.39. Should I change my return to include that?

Did you realize the loss? That is did you sell it in 2023? I would wait and see if the IRS sends you a bill. They might see the whole sale as a gain and not know you had a loss. Then you can amend to report it. But a $1.39 loss shouldn’t affect your return.

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