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Old 02-04-2008, 11:04 PM
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Join Date: Feb 2008
Posts: 3
Bough in Dec 2006, sold in Feb 2007.. Big Loss

Hi Folks,

I was preparing my tax return online on HRBlock. But i am confused on 1 thing. I bought stocks of a company in Dec 2006 and sold them in loss in Feb 2007. The 1099B form I received from my broker bank ETrade list all 2007 transactions. It doesnt list stocks of company I bought in Dec 2006 but do list the same stock I sold in big loss in Feb 2007. Is that not consider as loss incurred in 2007. If yes, how do i list that in my returns..

Sorry a dumb question but How to tell IRS in tax return that i incurred this loss.
Please reply

Thanks
Karan



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