Skip to main content
Level 1
March 22, 2020
Question

Within Turbotax, how can I get a Form 8949 for a bad $5000 non-business loan? I have no other non-tax sheltered investments. An uploaded Form won't be accepted, either!

  • March 22, 2020
  • 1 reply
  • 13 views
No text available

1 reply

March 22, 2020

in forms mode search for 1099-b worksheet. enter description as non-business bad debt   cost $5,000.

cost basis not reported to IRS.  for sale date the date it became totally worthless.  acq date - various.  

as a capital loss a maximum of $3000 will be deductible in 2019 the balance will carryover to 2020