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?
Make a postAsk questions and learn more about your taxes and finances.
wilfeedo556
New Member
Gina2020
New Member
K4i
Level 1
nellisned
New Member
cornyb4
Level 3
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.