I agree with Phildonnia and just want to add-
If a taxpayer's capital losses are more than their capital gains, they can deduct the difference as a loss on their tax return. This loss is limited to $3,000 per year, or $1,500 if married and filing a separate return
If you have capital losses of more than $3,000, TurboTax will automatically deduct $3,000 from your ordinary income and carry forward the balance. You do not need to do anything.
In addition if you file with TurboTax the following year this loss will automatically carry forward. This can save a lot of time and reduce the chance for error.
-for more information follow this link-
Capital Gains and Losses - TurboTax Tax Tips & Videos
What is a capital loss carryover?
