A capital loss is usually associated with an investment sale. You enter investment sales in the Wages and Income section of TurboTax, then Investment Income, then Stocks, cryptocurrency, Mutual Funds, Bonds, etc... Skip the section where it asks if you want to upload your tax documents if you don't want to do that. If you have a Form 1099-B, Choose Stock, Bonds, Mutual Funds as the type of investment you want to enter. You'll come to a screen where you can enter in your sales proceeds and cost basis.
If you don't have a Form 1099-B reporting your investment sale, choose "Other" for the type of sale and use the drop down menu available when you enter your sales proceeds and cost basis to indicate what specific loss on investment you are reporting. If you are reporting the loss on a worthless investment, enter $0 for the proceeds and what you paid for it as the cost basis.
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