Was my stock investment capital gain or loss deducted from my taxable income?

[pulidocaloza]

in seems to me that my investment loses was not factored in on my taxable income

[KatherineC]

Capital losses are limited on Schedule D of your Form 1040. You can deduct $3000 per year on your return (if you are married filing separate you are limited to $1500). If you have greater loss than what is allowed the excess loss will be carried over to 2017.

You will find your net Capital Gain/Loss on Line 13 of your Form 1040.  You can take a look at your Form 1040 by following the instructions below:

• After you log into your TurboTax return, please look in the upper right corner – in the blue bar that runs across the top of the page and click on My Account.  (See screenshot 1)
• Click on Tools.
• Then Click on View Tax Summary (See screenshot 2)
• Above the Tax Summary on the right, click on Preview My 1040 (See screenshot 3)

For further information please go to the following link.

https://turbotax.intuit.com/tax-tools/tax-tips/Investments-and-Taxes/Capital-Gains-and-Losses/INF120...