AnnetteB6
Expert Alumni

Get your taxes done using TurboTax

Based on the scenario you presented, you have an overall capital gain of $8100 which will be reported on Schedule D.  There will be no carryover amount to deduct on your 2021 tax return.

 

You will need your Form 1099-B provided by your broker to enter the details of your stock sales.  Then, TurboTax will generate the other forms required for your return -- Schedule D, Form 8949 -- based on the Form 1099-B entries.

 

You can use any CD/downloaded version of TurboTax to prepare your return or TurboTax Online Premier or higher.  You do not have to use the TurboTax Live option unless you choose to do so.  

 

See the following TurboTax article to get started with entering your Form 1099-B:  Where do I enter a 1099-B?

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