You'll need to sign in or create an account to connect with an expert.
Yes, you can deduct both if the total loss is $3000 or less.
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 separately you are limited to $1500). If you have a combined capital loss that is greater than $3000, the excess loss will be carried over to 2018.
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:
For further information please click here
Yes, you can deduct both if the total loss is $3000 or less.
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 separately you are limited to $1500). If you have a combined capital loss that is greater than $3000, the excess loss will be carried over to 2018.
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:
For further information please click here
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
anon30
Level 3
ticketguru20
New Member
cabogirl70
New Member
FixTheRoads
New Member
Jeff C1
Level 2
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.