16396
You'll need to sign in or create an account to connect with an expert.
Unfortunately, yes, you are required to report the stock sales. If you don't, the IRS will take the "sold" price and not the net gain and adjust your tax return on your behalf. If it results in additional taxes, you will owe income taxes and potentially interest on it as well. Although it may be minimal (if any at all) If they discover you "intentionally" left them off, they can go back and review your tax returns from all prior years.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
user17538342114
Returning Member
johntheretiree
Level 2
helen0907
New Member
johntheretiree
Level 2
Becco
Returning Member