Hello,
I have a crowdfunding "angel" investment loss of 30k in a company that went bankrupt in 2023. I've entered it under "other" sale, put 0 for proceeds, but TT will only allow the 3000 to be deducted and designates the rest for future carryover. How/where do I enter it to allow the full amount to be deducted this year because the company is now bankrupt? There is no K-1 or 1099-B or an documentation from the bankrupt company other than the letter/form from the state that the business filed for bankruptcy and dissolved. Thanks in advance for an help.
