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So, if I have not sold any other stocks during the year for a profit, then this would stand on its own as a loss?

It doesn't really matter if there are other sales or not. You net all of your gains and losses together. If you have a net loss, you can only use $3000 of the net loss this year. The rest will carry forward to next year.

I bought it in April of 2011 and the loss will be $4407.

Well, you don't know exactly what the loss will be until you sell. The market is constantly changing. So its probably more correct to say the loss is about $4400.

Nevertheless, if this is your only capital transaction for the year, you'll use $3000 of the loss in 2011 and the rest (about $1400) will carryover to be netted with any gains or losses you realize in 2012.

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