topic I have dividends of $1220 and capital loss of $2000. How do I get credit for the loss? in Investors & landlords https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/i-have-dividends-of-1220-and-capital-loss-of-2000-how-do-i-get-credit-for-the-loss/01/288077#M10800 Mon, 03 Jun 2019 17:40:39 GMT mh0109 2019-06-03T17:40:39Z I have dividends of $1220 and capital loss of $2000. How do I get credit for the loss? https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/i-have-dividends-of-1220-and-capital-loss-of-2000-how-do-i-get-credit-for-the-loss/01/288077#M10800 Mon, 03 Jun 2019 17:40:39 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/i-have-dividends-of-1220-and-capital-loss-of-2000-how-do-i-get-credit-for-the-loss/01/288077#M10800 mh0109 2019-06-03T17:40:39Z TurboTax will calculate the amount of capital loss that c... https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/turbotax-will-calculate-the-amount-of-capital-loss-that-c/01/288090#M10804 <P>TurboTax will calculate the amount of capital loss that can be used against ordinary income (up to $3,000 per year).</P><P>First you will use the capital loss to offset capital gains. Then you will be allowed to offset capital losses against ordinary income up to $3,000 per year. The remaining unused capital losses will be carried over to future years until it is all used.<BR /></P> Mon, 03 Jun 2019 17:40:40 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/turbotax-will-calculate-the-amount-of-capital-loss-that-c/01/288090#M10804 DS30 2019-06-03T17:40:40Z A net capital loss goes on line 13 of form 1040 where it... https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/a-net-capital-loss-goes-on-line-13-of-form-1040-where-it/01/288117#M10808 <P>A net capital loss goes on line 13 of form 1040 where it is deducted against all other income. A capital loss is first deducted from any capital gains, including capital gains distributions, on schedule D before going to line 13 of form 1040. At no point are capital losses deducted directly from dividend income&nbsp;</P> Mon, 03 Jun 2019 17:40:43 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/a-net-capital-loss-goes-on-line-13-of-form-1040-where-it/01/288117#M10808 Hal_Al 2019-06-03T17:40:43Z