ThomasM125
Expert Alumni

Investors & landlords

You would report the loss as a sale of stock in TurboTax as follows:

 

  1. Choose the Federal option on your left menu bar
  2. Choose Wages & Income
  3. Choose the Investments and Savings (1099-B, 1099-INT, 1099-DIV, 1099-K, Crypto) option
  4. Choose Add investments
  5. Choose the Stocks, Bonds, Mutual Funds option and follow the instructions

Enter the date you purchased the stock, date it was liquidated, cost and sale proceeds (amount distributed to you.) It will be a capital loss, which are limited to a net deduction of $3,000 per year.

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