How can I benefit from having a capital loss on investment? I entered the loss amount in TurboTax and it didn't change anything of the taxes I owe.

sherif-g-nour — Thu, 06 Jun 2019 09:10:40 GMT

Review the entire return to see what is happening with th...

Critter — Thu, 06 Jun 2019 09:10:42 GMT

Review the entire return to see what is happening with the loss on the Sch D .. what cannot be used on the current return is carried forward. Also review the form 1040 ... once your taxable income is at zero no loss can help you further and it cannot affect other non federal taxes.

You can peek at only the Federal form 1040 and the summary of the state info by going here:

1) lower- Left side of the screen...click to the left side of the "Tax Tools" text selection.
2) then select "Tools"
3) then select "View Tax Summary" from the pop-up
4) then back to the left-side and "Preview 1040"

Then hit the "Back" on the left side to get back to your tax entries.

To view your entire return using the online editions (including the state) before you file, you will need to pay for your online account.

To pay the TurboTax online account fees by credit card, without completing the 2018 return at this time, click on Tax Tools >>> Tools and then Print Center. Then click on Print, save or preview this year's return. On the next page, to pay by credit card, click Continue. On the next screen it will ask if you want Audit Defense, if you do not want this option just click on the Continue button. The next screen will ask for all your credit card information so you can pay for the account.

topic How can I benefit from having a capital loss on investment? I entered the loss amount in TurboTax and it didn't change anything of the taxes I owe. in Investors & landlords

How can I benefit from having a capital loss on investment? I entered the loss amount in TurboTax and it didn't change anything of the taxes I owe.

Review the entire return to see what is happening with th...