The best approach is to enter your capital loss as an investment sale. The sales price will be what you received, if anything, and the cost will be what you paid for it. Keep all of your documentation to show how you arrived at the amounts should it be requested at any time. Use the exchange rate for the US dollar amounts in the link below.
Follow the details in the link below to enter your investment loss. Where do I enter Investment Sales?
- Open or continue your return.
- Navigate to the investment sales section:
- TurboTax Online/Mobile: Go to investment sales. If using this application, make sure it is open
- TurboTax Desktop: Search for investment sales and then select the Jump to link.
- Or Personal Tab > Continue > I'll choose what I work on > Scroll to Investment Income > Select Stocks, Cryptocurrency, Mutual Funds, Bonds, Other
- Answer Yes to the question Did you sell any of these investments in 2024? (or Okay! to Time to kickoff your investments!).
- If you land on the Investment sales summary or Your investments and savings screen, select Add More Sales or Add investments.
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