Posted by: AAAA February 18, 2010
How to report profit/losses of Stocks to IRS?
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ok, here is the thing:


I bought and sold stocks many times last year.  I made profits and I has losses.  By the end of the year, it was loss.  So, basically i lost certain amount from last year however, i still own those stocks.  The stock value is now less than what i invested.  In such case, do i need to report the transactions i made during last year even though i still own stocks in loss and never transferred money to my bank account?  worse part is, i already filed tax.  :(

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