You are not required to report a long-term capital loss (LTCL) on your income taxes. However, you would want to claim a (LTCL) if you had other capital gains to offset or just had the loss itself. You may claim up to $1,500 (Single) in capital losses or $3,000 (Married Filing Jointly) in capital losses which reduces your taxable income. If your LTCL is greater than this, the excess can be carried forward and used in future years. I have included a LINK below that will give you more information if you are interested.
https://www.irs.gov/uac/ten-important-facts-about-capital-gains-and-losses
You can report your capital loss using Turbotax Self-Employed. Just open your tax return and select Federal Taxes at the top of your screen.
• From here click the blue Add More Income button and select See list of all income
• Scroll down to Investment Income and select Start to the right of Stocks, Mutual Funds, Bonds and Other
• Input your capital sales transaction(s).
