Message Font: Serif | Sans-Serif
No. of Recommendations: 0
I decided to do my taxes myself this year (usually let H&R Block do them), and I think I may have messed up on part of it. I went through and dutifully recorded all of my stock trades from last year. Unfortunately, I missed the part about "wash sales." In fact, I think pretty much every loss I reported last year was technically a wash sale, but I did not record them that way. And the bad part is that I've already mailed in my tax forms, both federal and state.

So, couple questions:
A) Is this something I should worry about (the difference is in the neighborhood of $500)?
B) What can/should I do about it?
Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.