I'm Anne. I've been preparing taxes for 27 years and I wanted to add a clarification for you.
While it's true that you can not net the loss from the sale of stock against SSDI income, you will still need to file a tax return for every year that you sell stock, and you may be able to use that loss in other years.
In most cases, when someone sells stock , only the sale price is reported to the IRS. You will receive a 1099B form at the end of the year showing all of t he stocks that you sold and the potential gain . The IRS also gets a copy of this form.
What is generally NOT reported on the 1099B form is what you purchased the stock for, thus creating a false amount of tax owed. It is up to you to prove to the IRS that you sold the stock at a loss.
You will do this by filing Form 8949 (https://www.irs.gov/pub/irs-pdf/f8949.pdf)
In any year that you do not sell stock, if you are still carrying over any portion of that loss, you will want to file a tax return to retain that unused loss. By filing the return, you retain that loss in case you still have stock you haven't sold, or if your life circumstances change (you get married and your spouse works, you win the lotto, etc. ) or if you continue to buy and sell stock.
If you have any questions, please post them here and I'll be notified
If this answer has helped you, please rate positive (by checking the stars)
It is ONLY through positive ratings that we are compensated for our time and knowledge
Thank you for choosing justanswer.