taxes for 2009...stock loss?

you will receive a 1099 B on all your sells and if when you have them all accounted for(purchase price, date and sell price) if you have a loss this is all reported on Sch D and you are able to take up to $3000 a year of stock losses until used up or eventually wiped out with gains

You would report the cost and number of original; shares. Then report the second purchase at its cost. Assuming you had all for over one year you will see a substantial long term loss. You can claim up to $3000 each year. It will continue to carry over until it has been used up.

You enter it on schedule D in the proper area, and first you net out all of your stock transactions on schedule D. Up to $3000 of capital loss for the year can be netted against other income on your 1040 if you have other income. If your net loss is over $3000, the amount over to that is carried over to next year and put on a schedule D next year. You can continue taking $3000 per year against other income, and carrying over amounts more than $3000, until it's used up