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Since you sold the stock for less than the purchase price, it is a loss. Did you report the sale of the stock on your tax return
8949)? If you did not report the sale, this is why you are receiving a tax bill, because as far as the IRS
knows you sold stock and received $4,638, which is considered income
, which they are taxing you on. The IRS has no idea of what the purchase price of the stock was. You will need to amend your tax return for the year that the stock was sold to show the sale of the stock, purchase price and selling price.
Link to Schedule D/Instructions:
Please ket me know if I can be of further assistance to you regarding this matter.
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