Maybe----but remember that there are caps and thresholds on itemized deductions. There is a $10K cap on SALT---state and local taxes---and the medical deduction has to meet a very difficult threshold or it has no effect.
Enter all of your itemized deductions including the losses and the software will do the calculations. Your itemized or standard deduction will be on line 12 of your Form 1040.
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
