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Anonymous
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Does loss in private sale of small business stock offset gain in listed securities gains?

 
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MinhT
Expert Alumni

Does loss in private sale of small business stock offset gain in listed securities gains?

The loss incurred on a private sale of stock from a small business is a capital loss. It can be used to offset any capital gain on listed securities.

You enter the sale in TurboTax just as if you had received a form 1099-B form a stock broker.

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1 Reply
MinhT
Expert Alumni

Does loss in private sale of small business stock offset gain in listed securities gains?

The loss incurred on a private sale of stock from a small business is a capital loss. It can be used to offset any capital gain on listed securities.

You enter the sale in TurboTax just as if you had received a form 1099-B form a stock broker.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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