HelenC12
Expert Alumni

After you file

@rzertuchep 

 

When you enter Worthless Stock, enter the correct cost or basis, date acquired, and December 31 as the date sold.

 

Please follow these instructions to enter your worthless stock on your 2020 Amended return. 

  1. On the OK, let's get a kickstart on your 2020 amended return screen, select Changing other info on my return and Continue
  2. On the Here's the info for your amended federal return screen, click on the magnifying glass in the upper right hand corner.
  3. Type worthless stock and click on the Jump to worthless stock.
  4. On the Your investments and savings screen, scroll down to Add investments and Continue
  5.  Continue with the onscreen interview until you get to the OK, let's start with one investment type screen and select Other (1099-S) and Continue.
  6. On the Now, enter one sale for XXX screen, select the type of sale you had (stock-non-employee).
  7. On the Description, enter Worthless Stock.
  8. Continue with the onscreen interview until complete.

[Edited 03/07/22|1:31 pm PST]

 

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