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New Member
posted Jan 28, 2022 4:16:46 PM

I sold a TD ameritrade , and got $189.06. I have a loss of $3409.39. Turbo tax wants me to upgrade to premium for 69 dollars. Can this be done on the free edition?

also no taxes were taken from the $189.06

0 2 470
2 Replies
Expert Alumni
Jan 28, 2022 4:32:21 PM

No, you can't report stock trades on the Free Edition of TurboTax online. 

 

You can either upgrade to Premier online for $69 or you can purchase TurboTax Deluxe download for $70 to complete your taxes. 

New Member
Jan 28, 2022 4:34:50 PM

No, that requires Schedule D, which isn't included in the free edition. The loss can be subtracted from any capital gains that you might have. If you don't have any capital gains, you can deduct up to $3000 of your loss this year and the remaining $409.39 next year from your taxable income.