Hi,

Few weeks back I had posted a query (https://www.askmehelpdesk.com/taxes/determining-tax-form-file-f1-opt-h1b-326173.html#post1596247) on this forum regarding the Tax form that I will need to fill in this year.

I got reply that I can either go with 1040NR or 1040NR-EZ.

Now last year (2008) I started to invest in stocks - not much - just buying 5 or 6 stocks of a certain company. This is the only company for which I own stocks in 2008. Now here is what happened for the company of which I bought stocks:

on 7/15/08 Bought 1 stock at $79 (per share)

on 10/20/08 Sold 1 stock at $36.79 (actually by mistake I hit the sell button)

on 10/20/08 Bought 2 stocks at $39.27

on 10/22/08 Bought 2 stocks at $34.01

on 10/23/08 Bought 2 stocks at $29.90


Now I get 1099-B statement from my broker which says:

Total Gross proceeds for 2008 - 36.79 - For 1 stock that I sold accidentally.

Also I get another page which says Total Capital Expenses for 2008: 285.86 - For 7 stocks I bought in total.

Now I have two questions:
1. Can I still fill out the form 1040NR-EZ? If yes, which additional form do I need to fill in to incorporate the stock information

2. It seems that I made a net loss of ( 79 - 36.79 = 42.21 ) in 2008 and I should be subtracting it from my Before tax income. Where do I do that?

Please let me know if I should be posting this question into some other topic on ASMEHELPDESK. I thought this was the most relevant.

Thanks

If this is your only income or loss, then you do not need to file tax return.

If this is your only income or loss, then you do not need to file tax return.

No I have a regular full time job also.

For the sale, use schedule D (form 1040) and then report the loss on line 14 of Form 1040NR.

For the sale, use schedule D (form 1040) and then report the loss on line 14 of Form 1040NR.

I am single. Can't I use 1040 NR-EZ instead and report the loss in it?

Negative; stock sales transactions MUST be reported on Schedule D.

However, the "wash sale" rules means that, though you have to report the stoc sale on Schedule D, you CANNOT claim the loss, because you bought the same stock less than 30 days after you sold it.

Are you living in the U.S.