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Trader74
Returning Member

Stock delisted how to claim loss without 1099 B?

Hi

 

How can I claim a loss on a stock that got delisted but broker will not provide 1099B form?

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3 Replies

Stock delisted how to claim loss without 1099 B?

You cannot claim a loss unless the shares are worthless (or you sell them off-exchange).

 

Merely being delisted does not render the shares worthless.

Trader74
Returning Member

Stock delisted how to claim loss without 1099 B?

Broker states that the loss will appear on the statement but they can't put on 1099B.

 

Yes stock is worthless zero dollar value

 

evelynm
Employee Tax Expert

Stock delisted how to claim loss without 1099 B?

If it is on the statement, not the 1099B simply add it as a line item with zero proceeds and cost equal to your loss.   Indicate in TurboTax:  Select Long-term did not receive 1099-B form.

 

Have an amazing day. Evelyn M (CPA 20+ years)
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