In TurboTax Premium Online, report the loss of income-producing property.
- Down the left side of the screen, select Federal.
- Down the left side of the screen, select Deductions & Credits.
- Click the down arrow to the right of Other Deductions and Credits.
- Click to the right of Disasters, theft, and other property loss or damage.
The loss was realized in 2024 when the bankruptcy was finalized.
See also IRS Publication 584-B.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
