https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/if-you-sell-securities-at-a-loss-capital-loss-then-t/01/584677#M25173 <P>If you sell securities at a loss ("capital loss"), then the loss will first offset any capital gains you might have. &nbsp;If there's still any loss remaining, you get to use a max of $3000 on your current year tax return to offset ordinary income. &nbsp;It will show up as a negative 3000 on line 13 of the 1040 and be subtracted from your other sources of income.</P><P>This process repeats itself each year until the loss is exhausted.</P> Wed, 05 Jun 2019 23:03:28 GMT ThomasM 2019-06-05T23:03:28Z https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/stock-bond-or-mutual-fund-sales/01/584673#M25172 Can I deduct a monetary loss on my mutual fund? Wed, 05 Jun 2019 23:03:27 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/stock-bond-or-mutual-fund-sales/01/584673#M25172 judypusti 2019-06-05T23:03:27Z https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/if-you-sell-securities-at-a-loss-capital-loss-then-t/01/584677#M25173 <P>If you sell securities at a loss ("capital loss"), then the loss will first offset any capital gains you might have. &nbsp;If there's still any loss remaining, you get to use a max of $3000 on your current year tax return to offset ordinary income. &nbsp;It will show up as a negative 3000 on line 13 of the 1040 and be subtracted from your other sources of income.</P><P>This process repeats itself each year until the loss is exhausted.</P> Wed, 05 Jun 2019 23:03:28 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/if-you-sell-securities-at-a-loss-capital-loss-then-t/01/584677#M25173 ThomasM 2019-06-05T23:03:28Z