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ngvin79
New Member

Where do I claim loss on stock investment?

 
1 Best answer

Accepted Solutions
CherylW
Level 3

Where do I claim loss on stock investment?

If it's a loss carryforward,

To input a capital loss: 

  1. Go to Income

  2. Select I'll choose what I work on. 

  3. Go down to Investment Income

  4. Click Start or Update by Capital Loss Carryover

To enter a stock sale for this year in Turbo Tax: 

  1. Go to Income. 

  2. Select I'll choose what I work on

  3. Go down to Investment Income

  4. Click Start or Update by Stocks, Mutual Funds, Bonds, Other

The screens will walk you through it.  A Schedule D will be generated, and your loss will be on line 13 of Form 1040. 

To check, 

  1. Go to My Account

  2. Go to Tools. 

  3. Go to View Tax Summary

  4. Go to Preview my 1040. 


 


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1 Reply
CherylW
Level 3

Where do I claim loss on stock investment?

If it's a loss carryforward,

To input a capital loss: 

  1. Go to Income

  2. Select I'll choose what I work on. 

  3. Go down to Investment Income

  4. Click Start or Update by Capital Loss Carryover

To enter a stock sale for this year in Turbo Tax: 

  1. Go to Income. 

  2. Select I'll choose what I work on

  3. Go down to Investment Income

  4. Click Start or Update by Stocks, Mutual Funds, Bonds, Other

The screens will walk you through it.  A Schedule D will be generated, and your loss will be on line 13 of Form 1040. 

To check, 

  1. Go to My Account

  2. Go to Tools. 

  3. Go to View Tax Summary

  4. Go to Preview my 1040. 


 


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