ThomasM125
Expert Alumni

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:

 

  1. Choose Tax Tools from your left menu bar in TurboTax Online while working in your program
  2. Choose Tools
  3. Choose View Tax Summary
  4. See the Preview my 1040 option in the left menu bar and click on it
  5. Choose the Back option in the left menu bar when you are done 
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