Dave,
I really appreciate your detailed advice but I can't seem to make it work. First I want to be sure we are starting from the same base. I am using TurboTax Premier 2021, the download (not online) verion to prepare my 2021 taxes. I followed your advice carefully.
- When I got to the "Stocks, Mutual Funds, Bonds, Other" category under "Investment Income" and hit "Update" I get the "Here's all the investment accounts we have so far" screen.
- Then I selected the "Add more sales" button
- I answered No to the "Did you get a 1099-B ...." question
- That brought up the "Tell us about this sale" screen with the options "I'll enter one sale at a time" or "'ll enter a summary for each sale category". I selected "I'll enter one sale at a time"
- The next screen allows you to enter all the details of the transaction. It DOES NOT allow you to select the type of the transaction.
- I entered all the details and hit continue, that brings up the "Any of these less common items for this sale?" screen and there is no option for "This was a worthless security" as you indicated in your response. None of the options applied to my circumstance
- I hit the continue button and got the "Was this a sale of employee stock" screen. I answered No and hit continue.
- That brought up the "Select any less common adjustments that apply" screen, none applied so I hit continue
- And that brought up "Here's your sales that are not reported on Form 1099-B" screen which is the end of the process
Can you please tell me where I went wrong? It may be possible that you were giving me advice regarding the 2018 version and that the process is different in the 2021 version. I have really worked hard to see if I could find the solution on my own but I can't seem to work it out.
Any advice would be greatly appreciated.
