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Get your taxes done using TurboTax
I have a loss on a worthless stock investment in a corporation that was not a small business stock. IRS guidance is to "Report worthless securities on Part I or Part II of Form 8949, and indicate as a worthless security deduction by writing "Worthless" in the applicable column of Form 8949". How can I do this in TurboTax Premier for 2021? Following the advice in this post I have successfully recorded the transaction. I am asking specifically how and where to input the word "Worthless".
March 7, 2022
11:50 AM