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February 9, 2023
Question

We have lost over $9000 in stocks this past year, but we don't have the paperwork. What can we do?

  • February 9, 2023
  • 2 replies
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2 replies

VolvoGirl
Employee
February 9, 2023

Did you have sales?  Wait for the 1099B.  It might come later in February.  Or ask the broker or company for it.

Hal_Al
Employee
February 9, 2023

You may not claim an "unrealized" loss ("paper loss") on stocks you own.  You do not have a deductible loss until you "realize" the loss (sell the stock).  Brokers and other financial institutions are required to give you an IRS form 1099-B for all security (stocks and mutual funds) sales.