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I experienced (reali zed)a $1762 loss on sale of stocks in an investment account. How to I enter that loss in my Turbotax returs?

 
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DDollar
Expert Alumni

I experienced (reali zed)a $1762 loss on sale of stocks in an investment account. How to I enter that loss in my Turbotax returs?

First of all, you should have received a Form 1099-B reporting the transaction.  If you have not yet received your 1099-B, you should wait until you have that to report your stock transaction.  When you are ready to enter your 1099-B:

  • Click on Search
  • In the Search Window type Jump to 1099-B
  • Click on Jump to 1099-B
  • Click + Add an Account
  • Answer Yes to "Did you get a 1099-B or a brokerage statement for these sales?"

AT this point you can download your 1099-B, or you can type the information in yourself.  The program will walk you through the process for whichever you choose.


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1 Reply
DDollar
Expert Alumni

I experienced (reali zed)a $1762 loss on sale of stocks in an investment account. How to I enter that loss in my Turbotax returs?

First of all, you should have received a Form 1099-B reporting the transaction.  If you have not yet received your 1099-B, you should wait until you have that to report your stock transaction.  When you are ready to enter your 1099-B:

  • Click on Search
  • In the Search Window type Jump to 1099-B
  • Click on Jump to 1099-B
  • Click + Add an Account
  • Answer Yes to "Did you get a 1099-B or a brokerage statement for these sales?"

AT this point you can download your 1099-B, or you can type the information in yourself.  The program will walk you through the process for whichever you choose.


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