Turbotax says I don't need to file Schedule D for net loss on short term, but then how IRS know how much tax credit I get back? Don't I need to file it somewhere?
Turbotax says I don't need to file Schedule D for net loss on short term, but then how IRS know how much tax credit I get back? Don't I need to file it somewhere?
Please expand and clarify your question. What was the type of net loss? Did you receive a 1099 for the transaction(s)? Was it a capital item or a personal item (stocks as opposed to having a yard sale or such)? We can better help you with your question if we know more about it.