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Investors & landlords
It could be that your net capital loss is over $3,000 for the year so you can't deduct additional losses. You can look at your Form 1040, line 7 to see if it reads $3,000, if so you can't deduct further losses this year.
To view your form 1040 and schedule 1 to 3:
- Choose Tax Tools from your left menu bar in TurboTax Online while working in your program
- Choose Tools
- Choose View Tax Summary
- See the Preview my 1040 option in the left menu bar and click on it
- Choose the Back option in the left menu bar when you are done
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‎April 3, 2025
10:19 AM