Will I still owe taxes if I end the calendar year with a net loss on my brokerage account? I’ve made profitable trades and losing trades but my losses far exceed the gain

[whiteheadp1]

My losses far exceed my gains for the year. All of the positions were held less than a year as well.

[Critter-3]

On the Sch D all your losses are netted against the gains  so if you have more losses you will have a capital loss to report on the 1040 and you are allowed to claim up to $3000 of loss against other income ... any loss you cannot use this year it carried forward and used next year. 

[fanfare]

In other words, you can't use stock market losses to wipe out your income tax.