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How can I deduct a $10,000.00 loss from an investment in a REIT?

I invested $10,000.00 in a REIT and it has since disappeared?

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4 Replies

How can I deduct a $10,000.00 loss from an investment in a REIT?

Are you using TurboTax? 

 

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How can I deduct a $10,000.00 loss from an investment in a REIT?

Yes I am using TurboTax.  No forms from the investment company, only a statement..

How can I deduct a $10,000.00 loss from an investment in a REIT?

Click the start button to the right of the section shown in the screenshot and proceed through the interview.

AmyC
Employee Tax Expert

How can I deduct a $10,000.00 loss from an investment in a REIT?

Full instructions for how to write off your loss from worthless stock can be found at Losses (Homes, Stocks, Other Property) 1 - IRS 

 

tagteam is right. Investments are entered exactly where shown. Simply input your data. When you purchased, how much, sold date is 12/31/2022.

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