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Deductions & credits
No, the losses aren't added to your income. They are deducted from your taxable income. There is a difference - adding income would be counter-intuitive because any added income would be subject to tax. Deducting from your taxable income literally takes it away.
Regarding a new tax consultant this year, TurboTax is now offering Full Service. Here is the link:
https://turbotax.intuit.com/personal-taxes/online/live/
‎February 22, 2021
11:52 AM