K kxvid Feb 4, 2009 #1 Ok I had losses 08, just over 4k. Now do I have to file some kind of form to the irs to let them know so I pay 4k less taxes this year if I have profits? Or don't I?=
Ok I had losses 08, just over 4k. Now do I have to file some kind of form to the irs to let them know so I pay 4k less taxes this year if I have profits? Or don't I?=
S Surdo Feb 4, 2009 #2 File an IRS schedule D, and you get to "deduct" a max of 3K of your loss from regular income, which will save you $450 guessing your tax bracket! You can eFile for free.
File an IRS schedule D, and you get to "deduct" a max of 3K of your loss from regular income, which will save you $450 guessing your tax bracket! You can eFile for free.
