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s04532334
December 19, 2020
Question

Do I need to amend tax form for a dormant stock account that I regain control only recently?

  • December 19, 2020
  • 1 reply
  • 0 views
I have a stock account with my previous non-US employer and I sold most of the stocks before moving to the US 5 years ago. Then I lost my password and didn't regain control until last week, and turns out I still have around $1500 in it. Do I have to file any amendments with the IRS?

1 reply

fanfare
fanfare
Employee
December 19, 2020

if your balance is $1500 cash, there is nothing to do.

There is no reporting of cash taken out of an account.

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