This is really quite simple. For your stocks that became worthless because the companies filed for bankruptcy, enter them the same way you would if you had sold them and the transaction was reported on a Form 1099-B, even if it was not. When entering them one at a time,
- For the Sales Section, select "Long-term did not receive form 1099-b" (assuming they were not on your 1099-B).
- What type of investment did you sell? Indicate "Stock (non-employee)".
- Enter a description
- Enter the date you acquired the stock
- For Date sold or disposed, enter the date you became aware that the stock was worthless. This is not necessarily the date they filed for bankruptcy.
- For proceeds, enter $0
- Enter your cost basis
- Continue and enter the next transaction
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