topic What section in turbo tax can i write off a loss occurred on a trade in the stock market in Investors & landlords

What section in turbo tax can i write off a loss occurred on a trade in the stock market

aprilcasper15 — Mon, 23 Feb 2026 09:39:00 GMT

Lost over all more than 3k on one trade and down over 3k for the year. I read that it can be deducted from your income. Where do I add this info number in Turbo Tax

Re: What section in turbo tax can i write off a loss occurred on a trade in the stock market

JohnB5677 — Tue, 31 Jan 2023 13:50:12 GMT

If you had a loss from trading stocks, you should get a FORM 1099-B from your broker.

These are often posted online.
It will provide the detail that you need to allow you to enter it into TurboTax.

To make your entries in TurboTax:

Start at Federal
Wages and Income
Scroll to Investments & Savings
Select Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B) [Start or Revisit]
If you already have an entry, select the appropriate broker or add another account.
Select your broker or follow the interview.

Re: What section in turbo tax can i write off a loss occurred on a trade in the stock market

Hal_Al — Tue, 31 Jan 2023 14:19:14 GMT

Only enter the info (from form 1099-B) from the one trade. Do not enter anything about unrealized losses ("down over 3k for the year"). TurboTax will only deduct (up to) $3000 of the loss on the sale. Anything over will be carried forward to next year.