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Laureebner
Returning Member

Mutual fund short term losses how do I deduct on Turbotax

I had short term realized losses on my 2021 mutual funds.  How do I deduct them in turbotax? ( I have already claimed the short term realized gains in turbotax)

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2 Replies
RobertB4444
Expert Alumni

Mutual fund short term losses how do I deduct on Turbotax

Your losses should have been reported to you on form 1099-B or the like.  You will enter the form that the losses were reported to you on into TurboTax and the system will apply them to your gains.

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Mutual fund short term losses how do I deduct on Turbotax

You enter the transactions in the Investment Income section of the program.

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