Please follow the steps to report your capital loss from sale of stock: Click on Tax Home from Left Side Menu Click on Wages & Income from the main screen Scroll down till you see the section titled "Investment Income". Within this section, you will see "Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B)". Click on Start next to it. Then enter your information accordingly. Your maximum net capital loss in any tax year is $3,000. The IRS limits your net loss to $3,000 (for individuals and married filing jointly) or $1,500 (for married filing separately). Any unused capital losses are rolled over to future years.

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How do i report a loss from sale of stock?

Forum|Forum|4 years ago
March 15, 2022
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TurboTax Premier Online

A

AamilD

Please follow the steps to report your capital loss from sale of stock:

Click on Tax Home from Left Side Menu
Click on Wages & Income from the main screen
Scroll down till you see the section titled "Investment Income". Within this section, you will see "Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B)". Click on Start next to it. Then enter your information accordingly.

Your maximum net capital loss in any tax year is $3,000. The IRS limits your net loss to $3,000 (for individuals and married filing jointly) or $1,500 (for married filing separately). Any unused capital losses are rolled over to future years.