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salkield
New Member

Franklin templeton account lost over $9000. Is there some way to enter in Turbo Tax? I have not closed said account so no immediate loss.

 
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JulieS
Expert Alumni

Franklin templeton account lost over $9000. Is there some way to enter in Turbo Tax? I have not closed said account so no immediate loss.

No, if you haven't sold the stock or mutual funds, you can't take a deduction for it. 

 

If you don't sell the investment, you don't have a tax loss. Because you still own the investment, the amount of your loss is uncertain, the value may go up, or it may go down further. 

 

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