Solved: Lossed money in the market in '07 or '08 and never claimed it on my taxes (because I was young and dumb.) how would I go about claiming those? Is it still possible?
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bmalex
New Member

Lossed money in the market in '07 or '08 and never claimed it on my taxes (because I was young and dumb.) how would I go about claiming those? Is it still possible?

Losses amounted to about 10k.
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Accepted Solutions
HelenaC
New Member

Lossed money in the market in '07 or '08 and never claimed it on my taxes (because I was young and dumb.) how would I go about claiming those? Is it still possible?

If you sold stock in 2007 and 2008 but did not take a loss on your income tax return, no, you can not go back and file amended income tax returns, to reflect the loss. Generally, it's no longer possible to claim a tax year 2012 or earlier refund, as the 3-year statute of limitations has expired

You also cannot claim a 2007 and 2008 stock loss on your 2016 income tax return.

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1 Reply
HelenaC
New Member

Lossed money in the market in '07 or '08 and never claimed it on my taxes (because I was young and dumb.) how would I go about claiming those? Is it still possible?

If you sold stock in 2007 and 2008 but did not take a loss on your income tax return, no, you can not go back and file amended income tax returns, to reflect the loss. Generally, it's no longer possible to claim a tax year 2012 or earlier refund, as the 3-year statute of limitations has expired

You also cannot claim a 2007 and 2008 stock loss on your 2016 income tax return.

View solution in original post

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