how do report a long term loss on a stock that went bankrupt?

[santiago-gonzalez-tamu]

without a 1099-b

[DavidD66]

You report a worthless stock due to bankruptcy the same way you would if you had a Form 1099-B.  To do so in TurboTax Online:

• Type "1099B" in to Search  and hit enter
• Click on "Jump to 1099b" 
• Answer  Yes  to "Did you have investment income in 2024?"  (If you've already entered investments, click on "Add investments")
• Click through the program until you get to "Let's import your tax info?", and click on "Enter a different way". 
• Click to highlight the box with "Stocks, Bonds, Mutual Funds", then click on Continue.  
• Enter something for "Bank or Brokerage" and click on Continue.  
• Answer No to the Employee stock question.  
• Continue through screens until you come to the page with Now, enter one sale on your Foreign 1099‑B 
• Enter the information for your bankrupt stock.
• For the date sold, enter the date of bankruptcy, or the date you learned of bankruptcy if later.

[santiago-gonzalez-tamu]

Thanks! Is same process the same if the stocks were acquired through an Employee Stock Purchase Plan (ESPP)?

[ThomasM125]

Yes, but with employee stock it is possible the discount you received when you acquired it was reported on your W-2 form in that year. If so, you would add that to your cost basis which would increase your capital loss. In most instances the discount is reflected on your W-2 in the year you sell the stock, however. In that case you don't need to bother with it, since the stock was never sold.

[Probuyer69]

I too have a capital loss to report from a stock where the company filed bankruptcy. I want to be certain which version of TurboTax is required for this?

[Mike9241]

Either Online Premium or any of the Desktop programs

desktop  apps

https://turbotax.intuit.com/personal-taxes/cd-download/install-turbotax/