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Business & farm
Turbo Tax will treat these losses as a capital losses unless you choose to report these losses to be ordinary losses. i found this link that may be helpful to you. To report these losses as ordinary losses, you would need to report these on form 4797. i would suggest purchasing the Turbo Tax software and enter these directly on the form itself. i am not sure if Turbo Tax Online will give you the option to make this election.
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‎January 29, 2020
8:06 PM