Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
fostergscott
New Member

Where do I enter capital losses on turbotax 2019? It will not let me enter a negative number in the "Capital gains" tab.

Where do I enter capital losses on turbotax 2019? It will not let me enter a negative number in the "Capital gains" tab.

1 Reply
TurboTax-Terry
New Member

Where do I enter capital losses on turbotax 2019? It will not let me enter a negative number in the "Capital gains" tab.

A capital loss is calculated by entering the "Proceeds of Disposition" (cash received on sale) and the ACB/Book Value (cost to purchase the shares/fund units) and the negative difference will be reported as a Net Capital Loss. The easiest way to accomplish this is by using reporting slip T5008.

About Community

Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement.

3.46m
Members

2.57m
Discussions

v