I invested in a start up company and the co. was dissolved. The money invested is a complete loss. I don't see in TurboTax where I can show the loss.
Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
TurboTax has you covered during Covid. Get the latest second stimulus info here.
cancel
Showing results for 
Search instead for 
Did you mean: 
New Member

I invested in a start up company and the co. was dissolved. The money invested is a complete loss. I don't see in TurboTax where I can show the loss.

This was a start up company and the company was dissolved this past year. My investment was a loss, however, I don't find any place in turbo tax to list it as a loss. Please help. 

1 Reply
New Member

I invested in a start up company and the co. was dissolved. The money invested is a complete loss. I don't see in TurboTax where I can show the loss.

Yes, you can enter this in TurboTax. Read David's answer. It is still current with this year's taxes. The only difference is that it will appear on Schedule 1 line 13 which will flow to the 1040 line 6.

https://ttlc.intuit.com/replies/5143715

Dynamic Ads
v
Privacy Settings