Investors & landlords
An IRS form 1099-B or IRS form 8949 or similar form is uploaded into TurboTax Premium Online to provide documentation for a sales summary entered under Sales section totals.
An entry reported under the One by one method is not required to be uploaded or reported to the IRS.
Are you also reporting a worthless investment? If so, the investment may be reported under the One by one method.
If the stock is worthless, you may be able to report your complete investment in the stock. Worthless stock includes abandoned stock, permanently surrendered for no consideration.
Enter a worthless stock like any stock sale but with a sales price of zero and the word worthless in its description. Enter the correct cost or basis, date acquired, and December 31 as the date sold.
See IRS Publication 550 Investment Income and Expenses, page 54.
