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.
If you did not receive
a Form 1099-B, here are the steps to enter your investment sale because it is
worthless:
1. With your return open, search for worthless stocks in the TurboTax search box and then click
the Jump to worthless stocks link in the search results.
2. Answer Yes to the
question Did you sell any investments in 2015?
o If you land on the Here's the
investment sales we have so far screen, click Add More
Sales.
3. Answer No to the 1099-B
question.
4. On the next screen, select the type of sale you had (stock, second home, collectible, land
etc.) and click Continue.
5. Continue following the onscreen instructions
to enter the sale date of the
disposition/bankruptcy/worthless stock, etc.
