You can use the TurboTax desktop program to access the Nonbusiness Bad Debt Explanation statement that you can digitally attach to your tax return. You will find it in the Forms menu option by clicking on the Open Form option and typing in the name of the statement. The loss is a short-term capital loss that is available to offset capital gains and then up to $3,000 of ordinary income (W-2 income) per year.
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