You would report the loss as worthless security. Worthless securities are claimed in the year they became worthless. Here is data entry:
- Federal Taxes
- Wages and
Income
- Investment
Income
- Stocks,
Mutual Funds, Bonds and Other - follow the prompts; please indicate that you have not received form 1099-B; select Bonds as your category; your sale date is Dec
31; proceeds are zero.
