Can you you write of losses from stock investments and how do you do that? Thank you in advance - Cheryl

[AnnetteB6]

You can deduct up to $3000 of losses from the sale of stocks.  If your losses are greater than $3000, then the loss will carry forward to a future tax year.

You would enter the details of your stock sales into TurboTax and the program will calculate whether you have a gain or a loss on the sale. Your sale of stock may be reported on Form 1099-B, which you will enter into TurboTax. 

Use the following steps to get started:

Where do I enter a 1099-B?

If you did not receive a Form 1099-B reporting the stock sales, follow the same general instructions as in the article above, but answer 'no' to the question about the Form 1099-B and then enter the information about the sale.

@paulgabert