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Manny18
New Member

Do i need to file?

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

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3 Replies

Do i need to file?

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

Manny18
New Member

Do i need to file?

Ok, thank you

Vanessa A
Employee Tax Expert

Do i need to file?

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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