You have gone through the steps correctly, but to follow-up on the comments from @DaveF1006, when you get to the page that allows you to enter your stock information, rather than entering the actual name of the company that issued the stock, enter "Worthless." (You don't need to add the quotation marks). Enter your cost basis, and the sale proceeds need to be zero because the stock, as you have stated, is worthless. Lastly, for the date sold enter 12/31/2021, which is the last day of 2021.
Keep in mind that you can deduct worthless stock only in the tax year it becomes completely worthless. This normally happens when the corporation files for bankruptcy, stops doing business, and has no assets. Financial difficulties won't make a company's stock worthless unless there is no reasonable expectation that the company will continue as a going concern.
@brian-pat-smith
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