Question

I lost quite a bit of money in the stock market. I should be getting back 1500 dollars just from my 1099 b. Why am I told I am only getting a 509 dollar return???

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The amount of your refund and the loss on your stock does not automatically mean that you will receive $1500 back on your tax return.

The $1500 will reduce you income before the amount of taxes are figured.

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