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3 replies

K
kll
June 1, 2019

It's a loss from the sale of an asset or investment property that you owned for more than one year.  If you owned it for one year or less, it is classified as short-term.

If someone had an overall net capital loss for the year, they can deduct up to $3,000 of that loss against other kinds of income, including your salary and interest income. The remainder will carry forward to future years.

More information on capital gains/losses can be found at this link Capital Gains and Losses .


A
almars21
January 29, 2020

Right, Karen, I know what it is by tough experience.  My question is how to get TT 2013 to start asking me about LTCG and Losses?   It is not prompting me to enter info.... It's not asking questions about it.  ??  [email address removed]

A
almars21
January 29, 2020

How can I find I think, Sched. D so I can enter info?  [email address removed]

M
MinhT1
January 29, 2020

Please read this TurboTax article on Capital gains and losses.

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A
almars21
January 29, 2020

I know what it is.  My question is how to get the program to prompt me about it?

JohnB5677
JohnB5677
January 30, 2020

TurboTax Deluxe does not support Capital Loss.  You will have to upgrade to Premier.

 

  1. Then SEARCH on Capital Loss
  2. Jump to Capital Loss
  3. Did you sell any Investments  NO
  4. Did you have Investment Losses you can claim  YES
  5. Follow the information screens from there.
**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"
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