In 2011 you purchased $1500 of IBM stock and you sold it this year for $1200. Since you lost money on this transaction, there is no valid reason to include this on this year's tax return.

Question

Quizplus · Accepted Answer

Although you lost money on the transaction, you may be able to claim a capital loss on your tax return. It is important to report all capital gains and losses on your tax return to accurately calculate your tax liability.

In 2011 You Purchased $1500 of IBM Stock and You