turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Ask the Experts Biz Recordkeeping & 1099-NEC Filing! >> Event happening TODAY!!!!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

bmmazz92
New Member

We have lost over $9000 in stocks this past year, but we don't have the paperwork. What can we do?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies

We have lost over $9000 in stocks this past year, but we don't have the paperwork. What can we do?

Did you have sales?  Wait for the 1099B.  It might come later in February.  Or ask the broker or company for it.

Hal_Al
Level 15

We have lost over $9000 in stocks this past year, but we don't have the paperwork. What can we do?

You may not claim an "unrealized" loss ("paper loss") on stocks you own.  You do not have a deductible loss until you "realize" the loss (sell the stock).  Brokers and other financial institutions are required to give you an IRS form 1099-B for all security (stocks and mutual funds) sales. 

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question