The loss from a worthless investment is entered in TurboTax under Wages & Income >> Stocks, Crypto, Mutual Funds, etc. Entries from this topic will complete Form 8949 and Schedule D.
- Add an investment, skip import, choose "Other," and use whatever description you wish for the broker.
- The disposal date would be the date you were informed/aware the investment was worthless, with zero sales proceeds.
- TurboTax will provide a summary of your entries, including the loss reported on Form 8949.
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