I traded stocks last year and had a net loss of 4k. do i need to file?
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Yes, you will be able to net tat loss with future profits.
Ok, thank you
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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