Share your insights or perspective on the financial matter presented in the input.

Is it mandatory to report Capital Loss on line 21 of Schedule D?
You are not allowed to pick and choose what years to take a loss once the stock/fund is sold.  While I realize it might be too late for you to do anything now, in the future if members should read this, they might consider doing a Roth conversion during that year they will have $3000 in losses. This way they will show some income that can be offset by that loss, effectively getting a free conversion to the Roth.