In order to enter a capital loss in TurboTax Premier (Windows) do the following:
- Federal Taxes > Wages & Income > Scroll Down to > Investment Income >
- Stock, Mutual Funds, Bonds, Other > Select > Start/Update
- Did you get a 1099-B or a brokerage statement for these sales? > Select > No
- Choose the type of investment you sold > Select > Everything else >
- Some Basic Info About This Sale > Property Description > Unsuccessful Business Startup > Net Proceeds > 0 > Date of Sale > Fill in date
- Tell Us How You Acquired This Property > Purchase >
- Enter Purchase Information > Fill in as appropriate > Select > Continue
- Transaction recap > Select > Continue
