Skip to main content
June 1, 2019
Solved

How do I take a loss on a long term capital gain?

  • June 1, 2019
  • 1 reply
  • 0 views
No text available
Best answer by MichaelDC
Enter the loss by reporting the whole transaction, including dates purchased and sold on form 1099-B. Same procedure applies for a long term capital gain not reported on a brokerage statement.

To enter an investment sale, follow the steps below.

•        Click on Federal Taxes (Personal using Home and Business)

•        Click on Wages and Income (Personal Income using Home and Business)

•        Click on I'll choose what I work on (if shown)

•        Under Investment Income

•        On Stocks, Mutual Funds, Bonds, Other, click the start or update button

 


1 reply

MichaelDCAnswer
Employee
June 1, 2019
Enter the loss by reporting the whole transaction, including dates purchased and sold on form 1099-B. Same procedure applies for a long term capital gain not reported on a brokerage statement.

To enter an investment sale, follow the steps below.

•        Click on Federal Taxes (Personal using Home and Business)

•        Click on Wages and Income (Personal Income using Home and Business)

•        Click on I'll choose what I work on (if shown)

•        Under Investment Income

•        On Stocks, Mutual Funds, Bonds, Other, click the start or update button