Message Font: Serif | Sans-Serif
No. of Recommendations: 0
I'm a little bit confused by your message. Let me see if I have this straight.
You bought 4 different stocks in January.
You sold one stock in June.
You bought another stock in June.

So you only sold one stock in 2001.

Since you held that stock for less than a year it was short term. (I don't know if that was a gain or a loss because you didn't say if you sold it for more or less than you bought it for.)

Every time you sell a stock it's relevent for tax purposes. If you sold that stock for less than you paid for it it's a loss. If you sold it for more than you paid for it it's a gain.

What confuses me is your statement "overall loss". If you've only sold one stock that's the only amount that matters on your taxes. You don't report the stocks that you didn't sell on your taxes.

So let us know if I'm reading your message right and if you have a gain or a loss on the stock you sold, and then we can help you figure out what to do with the tax forms.


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.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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.