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aladd_99
New Member

I sold my stock in a private corporation - at a loss. How do I document?

 
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1 Reply
MaryK4
Expert Alumni

I sold my stock in a private corporation - at a loss. How do I document?

When you sell a capital asset, the difference between the adjusted basis in the asset and the amount you realized from the sale is a capital gain or a capital loss.

  1. Open or continue your return.
  2. In the search box, search for capital gains and select the Jump to link in the search results.
  3. Answer Yes on the Did you sell any stocks, mutual funds, bonds, or other investments in 2020? screen.
    • If you land on the Your investment sales summary screen, select Add More Sales.
  4. On the OK, what type of investments did you sell? screen, select Other then Continue.
  5. On the Tell us more about this sale screen, enter the name of the person or institution that brokered the sale.
  6. Continue through.

 

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