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Get your taxes done using TurboTax
Worthless stock is a valid description for a stock entry.
You do need to enter the basis you have in the stock and the sales price as zero.
The following information may be helpful in dealing with this issue:
https://ttlc.intuit.com/questions/2899549-how-do-i-deduct-worthless-stock
‎June 1, 2019
10:01 AM