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Level 2

Question

Do i need to file?

Forum|Forum|3 years ago
April 6, 2023
3 replies
7 views

I traded stocks last year and had a net loss of 4k. do i need to file?

Not A Product Question

Alumni - Champ

Yes, you will be able to net tat loss with future profits.

Level 2

Ok, thank you

Level 15

Yes, you must report all stock sales so you can show the loss. Otherwise, the IRS received a 1099-B for you but they don't necessarily have your basis or anything else so they do not know it is a loss.

Also, if you have other reportable income, you must include any and all income on your return. Then you must show the loss on your return.

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