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While entering my investment and savings I cant find where I would claim my realized stock losses. Where do I do this?

Where do I enter my realized losses?
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PatriciaV
Employee Tax Expert

While entering my investment and savings I cant find where I would claim my realized stock losses. Where do I do this?

Realized losses from stock sales are reported on Form 1099-B, which is typically provided by a broker. This form includes details about the stock sales that you will need to include the info on your tax return.

 

In TurboTax, stock transactions are entered under Wages & Income >> Investment Income >> Stocks, Mutual Funds, Bonds, Other

 

The easiest way to find any section of TurboTax is to open your return and use the Search box at the top right side of the TurboTax header. Click on the magnifying glass, type in the topic you need, hit Enter, and click the "jump to" link to go directly to beginning of that topic.

 

Or go to the left column in TurboTax Online and click on Tax Tools >> Tools >> Topic Search. Type in your topic, then click the topic in the list to go directly to the start of that section. 

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While entering my investment and savings I cant find where I would claim my realized stock losses. Where do I do this?

if you let TurboTax import your consolidated 1099-B you have to double check everything carefully.

often it does not import correctly.

otherwise enter the numbers yourself by inspecting your consolidated1099-B from the broker.

@tbraun2020 

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