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April 7, 2021
Question

Where would I find the "shares traded for taxes on each sale"?

  • April 7, 2021
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April 7, 2021

If you're asking where you would find the number of shares traded, that information is generally on your form 1099-B, box 1a, Description of property (Example: 100 sh. XYZ Co).

 

Your total capital gains for the year minus your total capital losses result in a net gain or a net loss.

  • You can deduct a net loss of up to $3,000 ($1,500 if married filing separately). Any capital loss you couldn't deduct this year can be carried forward and deducted on future tax returns as a capital loss carryover.
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