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Get your taxes done using TurboTax
@VolvoGirl ah thank you so much for your help!
So if I lost money from the sale of my stocks, do I need to have a separate TurboTax package than if I had gained money from the sale of my stocks?
Also, do I intentionally/manually need to request through TurboTax if I was wanting to receive a tax break from selling the stocks at a loss? or will TurboTax do it for me considering this is a paid package? Like basically my question is if on my 1099 it reflects that I sold stocks at a loss and ended up losing money because of it, do I need to specially "request" or "notify" the IRS of this loss so that they can deduct this loss from my taxable income?
‎February 21, 2021
7:29 PM