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jexxani
New Member

I need to enter a business investment loss. I invested in a small business that got wound up. How do I enter those?

the answer online just tells me schedule D.  I am using Premier.  What navigation do I use?
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1 Reply
Fern
New Member

I need to enter a business investment loss. I invested in a small business that got wound up. How do I enter those?

You will enter the information in the Investment section of Turbo Tax.

• Select Federal Taxes
• Select Wages and Income
• Select Show More at Investment Income
• Select Start or Revisit at Stocks, Mutual Funds , Bonds, Other
• Select No you did not get a 1099-B for this transaction
• Select Stock for type of investment
• Enter your sale information

Make sure you calculate your cost of the stock sold. Your cost will be what your initial investment was
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