The fluctuation in the overall account value has nothing to do with a tax return ....the account had earnings and you pay taxes on the earnings in the account even if you do not take that money out of the account. Ask your broker to explain it to you if you need more help.
If you have a net loss for the year you can only deduct 3,000 (1,500 MFS) max on your tax return. The rest you have to carryover to next year. You have to report the carryover every year until it's used up. You can't skip a year.
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