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mayes-fam
January 31, 2025
Question

Where in Turbo Tax does a capital loss get entered?

  • January 31, 2025
  • 1 reply
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    1 reply

    rjs
    rjs
    January 31, 2025

    You don't enter the loss. You enter the sale of whatever it was that you sold at a loss. You enter the proceeds of the sale and the basis. TurboTax will calculate the loss.


    Enter it as an investment sale. Go to Federal Taxes > Wages & Income. Under "Investment Income" click the Start or Update button for "Stocks, Cryptocurrency, Mutual Funds, Bonds, Other."

     

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