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.
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.