A sale or redemption of stock must be reported on the tax return for the year of the sale
- Would the company shutting down and going out of business in 2020 count as a sale in 2020 if investors were made aware of this information in 2021?
- What if there are no 1099-B forms provided by the company that went out of business? It seems that the private stock investment user flow mentioned above in TurboTax fits best: "Federal" > "Stocks, Cryptocurrency, Mutual Funds, Bonds, Other" > "Add more sales" > "Stocks, Bonds, Mutual Funds (options, index funds, ETFs)" > "I'll type it myself"
Thank you for sharing this information @DianeW777!
