Get your taxes done using TurboTax

Here’s how to enter your SAFE investment into TurboTax Premier:

Open your return in TurboTax.

1. Go to Federal Taxes, then Wages & Income.
2. Under Investment Income, choose Stocks, Cryptocurrency, Mutual Funds, Bonds, Other.
3. Answer "yes" to "Did you have investment income in 2024?"
4. On the next screen, "Let Us Enter Your Bank and Brokerage Tax Document," click "Skip Import."
5. On the "OK, Let's Start with One Investment Type" screen, choose "Other."
6. Use the following screens to enter your investment information.

Since your investment is worthless, report the proceeds as $0 and the date sold as the date it was deemed worthless.