Capital loss - tax deduction question

[broke-buddy]

Hi All,

I had 'realized' investment but did not put it in my 2015 tax return as I did not know I can get deduction on it. Here is my situation, I can only do standard deduction as I already paid off my house. Can I still deduct my losses in 2016 and keep doing it until all losses are deducted as there is a deduction limit of $3500 per year. My losses are $8000 for 2015 and $12000 for 2016. I appreciate any help I can get from you guys.

I would prefer to do it all in Turbo Tax as I use it to do my taxes.

Thanks.

[feh]

http://www.investopedia.com/articles/investing/062713/capital-losses-and-tax.asp#

Lots of other similar results, if you search the web.

[Jovanny]

If you plan wisely you can surely minimize your losses.