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How do I report the loss of privately held stock due to bankruptcy in Turbotax?
The investment was an angel investment in a medical device company that failed to raise additional cash in COVID and filed bankruptcy.
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April 18, 2021
1:20 PM
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Investors & landlords
You would report that in the same section you would report the sale of stock reported on a 1099-B:
- Click on Search, and type in "Investment Sales"
- Click on "Jump to investment sales"
- Click on "Other" when asked "OK, what type of investments did you sell?" and then Continue
- Continue and fill out the details of your investment.
- For Proceeds, use $0, and for date sold or disposed, use the date you became aware of the bankruptcy.
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April 18, 2021
3:26 PM