Tax Year Prior to 2020: should file tax for minor if loss a lot in stock

My son's custodial account lost about $4000

My son did not earn any money in 2018

Can or should I file a tax return in order to take advantage of $4000 carryover loss?

posted

If anything was sold in the account and he received a Form 1099-B, then yes he should file. If the losses are in a Qualified (example an IRA) type of an account, or nothing was sold, then there are no carryover losses to be reported.

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My CPA filed my 2023 return, and I am filing using TurboTax 2024 Deluxe (download). Is there a way for me to download prior-year info like capital loss and other losses?

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Tax Year Prior to 2020: should file tax for minor if loss a lot in stock