RobertB4444
Expert Alumni

Investors & landlords

If you didn't receive a 1099 regarding this stock then you need to make an entry for the stock sale onto your return as though you had received a 1099-B.

 

You'll enter the name of the investment and then a purchase date of when you bought the stock and a purchase amount of the full initial investment.

 

Then you'll enter a sale date of when the investment became worthless and a sale price of zero dollars.  Make certain that you are not entering this sale if there is any chance of a partial recovery in the future.  The sale is entered when you are certain it is worthless.

 

Save the documents showing your initial investment and the documents proving that the investment has become worthless.  If there are any questions about this in the future you will need to be able to prove it.

 

@E 

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