I have an Ameritrade form for losses this year, will that add to my return?

[KenH1 · Accepted solution]

Yes.  Your net losses (gains and losses combined to equal a loss) can be used to offset up to $3000 of your W2 income in 2016.  Any remaining losses will be carried forward to future years.

By the way, you may be prompted to upgrade TurboTax Premier since it handles investment transactions.

Hope this helps.