Skip to main content
TurboTax
Community
TurboTax
TurboTax
R
Retiredjeff
Level 2
January 28, 2026
Solved

Entering bankrupt long term investment in 2025 Turbotax Premier desktop without a 1099-B

  • January 28, 2026
  • 1 reply
  • 38 views

We bought stock in a privately held medical company in 2019.  In 2025 they announced bankruptcy after failing to get a buyer.  No 1099-B was received and none will ever be received (no bank or investment company involved).  2025 TT Premier desktop seems to demand I enter the name of the bank/investment company issuing the 1099-B to make any progress with entering.  How can I get this entered in 2025 TT Premier desktop without a 1099-B??

Best answer by MaryK4

To enter worthless stock as investment sales in TurboTax Premier desktop:

 

Under FEDERAL TAXES tab,  Wages& Income, select Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B) under Investments and Savings.

  1. Did you have investment income in 2025? YES
  2. On the Let's finish pulling in your investment income- click on the Add Investment button
  3. On the Let Us Enter Your Bank and Brokerage Tax Documents, click on Skip Import
  4. OK, let's start with one investment type- choose Other then Continue
  5. Tell us more about this sale  Worthless Stock Continue
  6. Now, enter one sale for WORTHLESS STOCK (Proceeds=0 Date sold or disposed= 12/31/2025)
  7. Let us know if any of these situations apply to this sale  This was a worthless security  Continue

 

See Worthless Securities for more information.

1 reply

MaryK4
MaryK4Answer
Level 15
January 28, 2026

To enter worthless stock as investment sales in TurboTax Premier desktop:

 

Under FEDERAL TAXES tab,  Wages& Income, select Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B) under Investments and Savings.

  1. Did you have investment income in 2025? YES
  2. On the Let's finish pulling in your investment income- click on the Add Investment button
  3. On the Let Us Enter Your Bank and Brokerage Tax Documents, click on Skip Import
  4. OK, let's start with one investment type- choose Other then Continue
  5. Tell us more about this sale  Worthless Stock Continue
  6. Now, enter one sale for WORTHLESS STOCK (Proceeds=0 Date sold or disposed= 12/31/2025)
  7. Let us know if any of these situations apply to this sale  This was a worthless security  Continue

 

See Worthless Securities for more information.

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"
    R
    RetiredjeffAuthor
    Level 2
    January 28, 2026

    MaryK4 - thanks.  Every step matched the software, appreciate the speedy, accurate response.

    TurboTax flag icon

    Unlock tailored help options in your account

    Create an account
    TurboTax Expert Assist
    TurboTax Expert

    Get answers to all your tax questions

    Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.

    Explore your options
    Terms & ConditionsAccessibility statement
    Sitemap
    Intuit
    TurboTax Credit Karma QuickBooks MailChimp

    ©1997-2026 Intuit, Inc. All rights reserved.
    Intuit, QuickBooks, QB, TurboTax, Credit Karma, and Mailchimp are registered trademarks of Intuit Inc. Terms and conditions, features, support, pricing, and service options subject to change without notice.

    Security Certification of the TurboTax Online application has been performed by C-Level Security.

    By accessing and using this page you agree to the Terms of Use.

    About Cookies Manage cookies

    TRUSTe nResult Certified e-File C-Level Security Certification
    Intuit
    TurboTax Credit Karma QuickBooks MailChimp

    © 2026 Intuit Canada ULC or its affiliated companies. All rights reserved. Intuit, QuickBooks, QB, TurboTax and ProFile are registered trademarks of Intuit Inc. Terms and conditions, features, support, pricing, and service options subject to change without notice.

    Copyright © Intuit Canada ULC, 2026. All rights reserved.

    About Cookies Manage cookies

    Intuit
    TurboTax Credit Karma QuickBooks MailChimp

    © 2026, Entreprises Intuit Canada ULC ou ses sociétés affiliées. Tous droits réservés. Intuit, QuickBooks, QB, TurboImpôt et ProFile sont des marques déposées d’Intuit Inc. Les modalités, prix, fonctions et options de service et de soutien peuvent changer sans préavis.

    © 2026, Entreprises Intuit Canada ULC. Tous droits réservés.

    À propos des témoins Gérer les témoins