Hello, I recently received my 1099 statement from my broker and I had a question. It has my gross proceeds as $20,522.33 which i understand is the sum of all the trades of the year. I funded the account with $2,500 in Jan. 07, I ended the year with $133.43. So I lost $2366.57 on the year even though at one point in time I was up to around $6,000 in the account. My question is: I am 19 and have no other source of income so normally in my situation I would not even be filling a tax form; however, do to my endeavors in stock trading last year, must I file a tax form even though I lost money and had no income gain? Thanks, young_economist.