Is this functionality removed or moved in TT 2020?
As background, I have investment in a crowdfunded real-estate hard money lending website that is deemed a total loss. I have documents attesting to the debt recovery process and how it becomes totally worthless. I have one such bad debt in 2019, and now another one in 2020. Somehow I cannot seem to be able to do the following in TT Premier 2020 and there seems to be a change in the software.
TT Premier 2019:
I'm looking at my 2019 side by side with the 2020. In 2019, I can go Wages &Income -> choose what I work on -> Stocks, Mutual Funds, Bonds, Other [Update] -> Add more Sales -> say No to Did you get a 1099-B -> "Choose the type of investment you sold," which has a long list of types, the second is "Uncollectible Debt (Nonbusiness Bad Debt).
This option worked well for me in 2019 as I just now went back to get it verified.
TT Premier 2020: when I tried to recreate the above, I cannot seem to be able to get to the choose the type of investment screen. When I say No to Did you get a 1099-B, I get a "Tell us about this sale" screen asking me to enter stock sale information.
Anyone knows how to enter nonbusiness bad debt in TT Premier 2020? Thank you. All products are download version installed on Windows.
