I have gain of -3500$ and deferred loss of 1500$. (I sold some shares at a loss before to meet margin requirements and I still hold some shares of same company) Is my total gain/loss is 5000$ or just need to consider 3500$ as my total loss? Pls clarify TC:124k Yoe:1 #personalfinance #investments
you should get a tax document with this info “1099” i believe. the pnl with the help of your account or turbo tax expert can make the proper deductions.
Sure thanks
Depends whether you have gains to write off some the losses against. Otherwise you will still carry forward some of the losses to next year.
I couldn’t exactly see how much loss I had. Is there any place in E*trade that shows overall loss/gain ??
Consolidated 1099 form