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March 13, 2023
Question

Where to report my capital loss from selling stock?

  • March 13, 2023
  • 2 replies
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I sold stock in 2022 and incurred short term capital loss, which did not reflect in my 2022 tax return. Where can I include this loss in my 2022 tax return?      

2 replies

Employee
March 13, 2023

You should have a 1099-B from your broker. Enter that into TurboTax. 

March 13, 2023

If you did not receive a 1099-B for this stock sale, you can still enter the stock sale in your return. 

 

  • Click on the Wages & Income tab
  • Next click on I'll choose what I work on
  • Scroll down the screen until you come to the section Investment Income
  • Chose Stocks, Mutual Funds, Bonds, Other and select Start or Update
  • The first screen will ask if you sold any investments during the year, answer 
  • Did you get a 1099-B or a brokerage statement for these sales? Answer No
  • Tell us about this sale, Click I'll enter one sale at a time
  • The drop-down boxes can be filled out with the details of the stock sale
  • Enter if this was short-term or long-term
  • Enter the type of investment
  1. Date sold - your records
  2. Date acquired - from your records
  3. Sale proceeds -your records
  4. Cost basis - your records

 

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