VolvoGirl
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

Investors & landlords

No.  The loss only is applied to captial gains, not interest and dividends.   So after taking a 3,000 loss on your tax return you need to carryover the rest.  Just enter your sales and Turbo Tax will calculate the loss and carryover.  You need to sell something with a gain to use up the loss.  

 

 

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