Had capital losses

ezajenn2 · ‎June 3, 2019

DanaB · ‎June 3, 2019

You can enter them in TurboTax. You can deduct a net loss of up to $3,000 ($1,500 if married filing separately) from your other income. Any capital loss you couldn't deduct this year can be carried forward and deducted on future tax returns as a capital loss carryover.

Please see this FAQ for additional information:

https://ttlc.intuit.com/replies/5209280

View solution in original post

DanaB · ‎June 3, 2019

You can enter them in TurboTax. You can deduct a net loss of up to $3,000 ($1,500 if married filing separately) from your other income. Any capital loss you couldn't deduct this year can be carried forward and deducted on future tax returns as a capital loss carryover.

Please see this FAQ for additional information:

https://ttlc.intuit.com/replies/5209280