topic How could we offset ordinary income with upto $3K of net capital loss for the year in TurboTax Premium, is it automatically done when calculating the tax for the year? in Get your taxes done using TurboTax https://ttlc.intuit.com/community/taxes/discussion/how-could-we-offset-ordinary-income-with-upto-3k-of-net-capital-loss-for-the-year-in-turbotax/01/1641806#M582068 Sun, 21 Jun 2020 22:08:56 GMT sgdheeban88 2020-06-21T22:08:56Z How could we offset ordinary income with upto $3K of net capital loss for the year in TurboTax Premium, is it automatically done when calculating the tax for the year? https://ttlc.intuit.com/community/taxes/discussion/how-could-we-offset-ordinary-income-with-upto-3k-of-net-capital-loss-for-the-year-in-turbotax/01/1641806#M582068 Sun, 21 Jun 2020 22:08:56 GMT https://ttlc.intuit.com/community/taxes/discussion/how-could-we-offset-ordinary-income-with-upto-3k-of-net-capital-loss-for-the-year-in-turbotax/01/1641806#M582068 sgdheeban88 2020-06-21T22:08:56Z Re: How could we offset ordinary income with upto $3K of net capital loss for the year in TurboTax Premium, is it automatically done when calculating the tax for the year? https://ttlc.intuit.com/community/taxes/discussion/re-how-could-we-offset-ordinary-income-with-upto-3k-of-net-capital-loss-for-the-year-in-turbotax/01/1641818#M582076 <P>Yes, the program handles that automatically.&nbsp;</P> Sun, 21 Jun 2020 22:28:17 GMT https://ttlc.intuit.com/community/taxes/discussion/re-how-could-we-offset-ordinary-income-with-upto-3k-of-net-capital-loss-for-the-year-in-turbotax/01/1641818#M582076 Bsch4477 2020-06-21T22:28:17Z