What counts as Securities besides Stock? Hi,
I received a notice from the IRS saying that I owe $4342 from 2013. I filed married filing jointly. Mine and my wife's income was low enough that we qualified for the earned income credit of $1500 each. However, because we made $3436 from sale of stock, apparently we don't qualify for the earned income credit because if sale of stock is over $3300, then you automatically don't qualify.
I think that if I write off $137 in securities losses, we won't owe because we'll be below the $3300. What can I write off as security losses other than stocks? |