only have capital loss

[cb2188]

Hi 

If someone only has a capital loss from a stock sale in 2021, do they have to file?  

No income or tax credits to report either.

Proceeds on the capital loss were less than $1,000.

Thank you for your help.

[ColeenD3]

When you say the proceeds, I am assuming that that is the bottom line gain on 1099-B. If that is your only income, you are not required to file. At the same time, you can't skip a year reporting your capital loss. If you want to be able to take advantage of the loss in future years, you must file a return for 2021.

[cb2188]

Thanks Coleen.  Appreciate your help.