Yes, you can deduct both if the total loss is $3000 or less.
Capital losses are limited on Schedule D of your Form 1040. You can deduct $3000 per year on your return (if you are married filing separately you are limited to $1500). If you have a combined capital loss that is greater than $3000, the excess loss will be carried over to 2018.
You will find your net Capital Gain/Loss on Line 13 of your Form 1040. You can take a look at your Form 1040 by following the instructions below:
- After you log into your TurboTax return, continue your return
- Click on Tax Tools in the column on the left side (See screenshot 1)
- Click on Tools.
- Then Click on View Tax Summary (See screenshot 2)
- Click on Preview my 1040 in the column on the left (See screenshot 3)
- Your capital loss will be reported on line 13 of Form 1040
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