Investment short term realized loss

[bzabik]

Where do I report a short term realized loss on my tax return?

[HelenC12 · Accepted solution]

TurboTax will automatically enter a short term loss when you enter your purchase and sale dates. If you have tax forms, you can enter short term losses reflected on the form.  

When you sell stocks, bonds, mutual funds, or other securities, you should get Form 1099-B from your brokerage by mid-February. Simply enter the form into TurboTax to report the sale.

But what about non-security investment sales like coins, collectibles, timber, land, or a second home? Here's how you enter those:

1. Open (continue) your return in TurboTax.
2. In the search box, search for investment sales then select the Jump to link in the search results.
3. Answer Yes to the question Did you sell stocks, mutual funds, bonds,  or other investments in 2019?
   • If you land on the Here's the investment sales we have so far screen, select Add More Sales.
4. Answer No to the 1099-B question.
5. On the next screen, select the type of sale you had (like second home, collectible, or land) and Continue.
6. Continue following the onscreen instructions to enter the sale.

Related Information:

• Do I have to report personal items that I sold?
• Where do I enter income from a timber sale?
• Where do I enter a 1099-B?
• Do I need to fill out or mail in Form 8949?
• Where is Form 8949?

[bzabik]

Thank you so much for your reply.  It is a perfect, thorough and complete answer!  I can now complete my taxes with complete confidence that I have handled my issue accurately and completely.