To report the worthless stock:
- Go to Wages and Income
- Go to Investments and Savings (1099-B, 1099-INT, 1099-DIV, 1099-K, Crypto)
- If you land on the screen Let’s finish pulling in your investment income, select Add Investments.
- Select Enter different Way
- Select Stock, Bonds, mutual Funds
- On the following screen for the Broker name, type in something descriptive, like “Options” in the box, and leave the account number blank.
- Answer the questions until you get to the screen Review this xx sale
- On the sales section select Long/short term Did not receive 1099-B form
- Enter all information and enter 0 for the Proceed.
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