MinhT1
Expert Alumni

Investors & landlords

If you correctly entered your loss making transactions in TurboTax, you may not see that long-term capital loss deducted from your income on your tax return, as you can only deduct up to $3,000 of that loss against other kinds of income, including your salary and interest income each year. 

 

Any excess net capital loss will be carried forward to future years.

 

Please read this TurboTax article for more information.

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