I invested in a company about 15 years ago. Long story short, this year they settled on a 50K investment for 6 cents. I want to record the loss. How do I do that

[mr-skymiles]

I didn't receive any tax documents. the investment started out as a loan and was converted to shares in the company. I have all the paperwork but turbotax is asking for a tax documet

[MindyB]

In order to populate the Schedule D and related 8949, you will enter the details related to the loss on the investment income section of TurboTax.

To accomplish this, here is how to enter the information in TurboTax Online:

• Navigate to Federal > Wages & Income > Investments and Savings (1099-B, 1099-INT, 1099-DIV, 1099-K, Crypto) > Add/Edit
• Choose Add Investments, then Enter a different way
• Choose "Other" as the investment type and continue
• Choose a description 
• It will ask "What type of investment did you sell?", answer according to what type of investment this was
• Complete the rest of the information requested in the interview