Questions about stocks and taxes

[Argo]

This is my first year trading stocks. Overall I'm up, however, I plan on selling one bad stock (lost almost 1k on it) to offset the my income taxes. My question is do I need to itemize in order to report short term losses on my taxes? I usually don't itemize because it less effective for me. Now should I sell that stock? Any taxologists () here?

 

[DaveSimmons]

You can get the tax forms and booklet at irs.gov IIRC captial gains uses only its different set of forms /schedules, but I just buy and hold mutual funds so I only have to deal with gains.