Do I have to use form 1040 (instead of 1040A) in spite of my lack of any actual "gain?"?

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Do I have to use form 1040 (instead of 1040A) in spite of my lack of any actual "gain?"?

I made one stock sale in 2006 (for less than $500), and I was taking a loss in doing so. On top of that, my interest earnings were negligible. Do I have to use form 1040 because of the stock sale anyway, or can I just use 1040A?

2007-01-31 11:56:35 · 2 answers · asked by djsoshhhhhhhhhh 1 in Business & Finance ➔ Taxes ➔ United States

2 answers

Yes, you must use 1040, with schedule D attached for the stock loss.

2007-01-31 12:14:44 · answer #1 · answered by crazydave 7 · 1⤊ 0⤋

1040. Sorry.

2007-01-31 20:00:01 · answer #2 · answered by Bostonian In MO 7 · 1⤊ 0⤋