Get your taxes done using TurboTax

It sounds like you are attempting to work directly in forms mode in the desktop software.  For this section, that is not a good idea and for the most part, you should not work directly in forms mode in TurboTax as many of these transactions cross-reference multiple forms and need all of them to work properly.  

Instead, go to  -
  • Federal Taxes
  • Select Wages and Income
  • You may need to click "Check for More" or "Show More" to get the full list of income topics
  • Scroll down and select Investment Income
  • Click edit next to Stocks, Mutual Funds, Bonds and Others
  • Answer No to the question Did you get a 1099-B or a brokerage statement for these sales?
  • The next screen should say Choose the type of investment you sold
  • Select the option for Uncollectible Debt (Nonbusiness Bad Debt)
  • Proceed through the following prompts to report

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