Where to put loss on online version

Forum|Forum|4 months ago
March 26, 2026
1 reply
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I invested in a business by buying shares and last year they filed for bankruptcy and became valueless. They never paid out any money so it was a total loss. Where do I add this in the online version so that I can start my capital loss $3,000 yearly claim? I know after that it should continue showing up in following years as carryover.

TurboTax Premier Online

Best answer by DavidD66

You can enter the it as if you had a 1099-B reporting a "sale" with proceeds of $0, even though you don't actually have a 1099-B for your worthless stock. To enter it in TurboTax, type "1099B" in to Search and hit enter:  

Click on "Jump to 1099b" 
Answer  Yes to "Did you have investment income in 2025?"  
Click through the program until you get to "Let's import your tax info?", and click on "Enter a different way". 
Click to highlight the box with "Stocks, Bonds, Mutual Funds", then click on Continue.  
Enter something for "Bank or Brokerage" and click on Continue.  
Answer No to the Employee stock question.  
Continue through screens until you come to the page with Now, enter one sale on your ...1099‑B 
Enter the information for your worthless stock.
For the sales date use the date you became aware the company filed for bankruptcy.

DavidD66Answer

Level 15

Click on "Jump to 1099b" 
Answer  Yes to "Did you have investment income in 2025?"  
Click through the program until you get to "Let's import your tax info?", and click on "Enter a different way". 
Click to highlight the box with "Stocks, Bonds, Mutual Funds", then click on Continue.  
Enter something for "Bank or Brokerage" and click on Continue.  
Answer No to the Employee stock question.  
Continue through screens until you come to the page with Now, enter one sale on your ...1099‑B 
Enter the information for your worthless stock.
For the sales date use the date you became aware the company filed for bankruptcy.