I have a few questions:
1. Can a stock I own, which became worthless when the company filed for chapter 11 bankruptcy in the middle of 2024, be considered a capital loss and reduce my tax liability even though I had no capital gains to report in 2024?
2. If the answer to 1 is "yes" , how can I report the loss on Turbo Tax? I did not receive any paper work from the two brokerage companies, where I bought the stocks, to show the stock is now worthless.
3. A continuation to question 2: Do I report the worthless stock loss from the two brokerage companies as a consolidated entry, or list them down individually?
