Where do I enter a long-term capital loss on Turbo Tax Deluxe?

If you are using TurboTax Deluxe Online, you will not be able to report either a current year long-term capital loss or a capital loss carryover.  You must use TurboTax Premier Online or higher for any investment activity.

 

If you are using the CD/downloaded version of TurboTax Deluxe, use the following steps to report a capital loss carryover:

 

• Locate the search box in the upper right corner
• This opens a box where you can type in “capital loss carryover” (be sure to enter exactly as shown here) and click Find
• The search results will give you an option to “Jump to capital loss carryover”
• Click on the blue “Jump to capital loss carryover” link and enter your information

 

Using the CD/downloaded version of TurboTax Deluxe, use the following steps to enter your investment sales:

 

• Locate the search box in the upper right corner
• This opens a box where you can type in “investment sales” (be sure to enter exactly as shown here) and click Find
• The search results will give you an option to “Jump to investment sales”
• Click on the blue “Jump to investment sales” link and enter your information

I found that you cannot input a long-term capital loss using the Deluxe version o TuboTax.  I had to upgrade to Premeir to be able to use my long-term capital loss.

You'll enter a capital loss in the investment sales section. Note: If you only have a capital loss carryover from 2016 please see the second set of instructions below.

 

To enter a capital loss in TurboTax Online:

• Continue your return in TurboTax Online. (If your return isn't open, you'll need to sign in and click Take me to my return.)
• Click Tax Tools (lower left side of the screen).
• Click Tools.
• In the pop-up window, select Topic Search.
• In I'm looking for: box type, the capital.
• In the results box, scroll down and highlight capital loss, then click GO.
• Follow the onscreen instructions. You'll be prompted to upgrade to Premier if using a lower version of TurboTax Online.

To enter a capital loss carryover in TurboTax Online:

• Continue your return in TurboTax Online. (If your return isn't open, you'll need to sign in and click Take me to my return.)
• Click Tax Tools (lower left side of the screen).
• Click Tools.
• In the pop-up window, select Topic Search.
• In I'm looking for: box type, the capital.
• In the results box, scroll down and highlight capital loss carryover, then click GO.
• Follow the onscreen instructions.