ThomasM125
Expert Alumni

Get your taxes done using TurboTax

If you answer the questions correctly in TuboTax, the loss will show up on line 4 of schedule 1, and as such be treated as an adjustment to ordinary income. It will also be reported on form 4797 Sales of Business Property, and that may what you are referring to when you mention it flows to the investment page in TurboTax.

 

 You can preview your form 1040 while working in the online version of TurboTax as follows:

  1. Tools
  2. Tax Tools (left side of the menu bar)
  3. View Tax Summary
  4. Preview my 1040 (left menu bar)

 

 

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