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If this was worthless stock or other investment:
To enter the worthless stock or other investment:
Enter a worthless stock like any sale but with a sales price of zero and the word "worthless" in its description.
Enter the correct cost or basis, date acquired, and December 31 as the date sold.
1. Open
your return.
(To do this, sign in to TurboTax and click the orange Take me to my return button.)
2. Type worthless stock in the search bar and click search.
3. Click on Jump to worthless stock.
4. If you land on Here's the investment sales we have so far screen, either edit or Add More Sales.
5. On the Did you get a 1099-B or a brokerage statement for these sales, answer No, if you did not get a form.
6. On the Choose the type of investment you sold screen, click on Stocks or other appropriate category.
7. If you choose worthless stock, continue with on onscreen interview until you get to the Do Any Special Situations Apply to This Sale? screen. click on Worthless securities.
8. If you choose Everything else, continue with on onscreen interview until complete.
If this was worthless stock or other investment:
To enter the worthless stock or other investment:
Enter a worthless stock like any sale but with a sales price of zero and the word "worthless" in its description.
Enter the correct cost or basis, date acquired, and December 31 as the date sold.
1. Open
your return.
(To do this, sign in to TurboTax and click the orange Take me to my return button.)
2. Type worthless stock in the search bar and click search.
3. Click on Jump to worthless stock.
4. If you land on Here's the investment sales we have so far screen, either edit or Add More Sales.
5. On the Did you get a 1099-B or a brokerage statement for these sales, answer No, if you did not get a form.
6. On the Choose the type of investment you sold screen, click on Stocks or other appropriate category.
7. If you choose worthless stock, continue with on onscreen interview until you get to the Do Any Special Situations Apply to This Sale? screen. click on Worthless securities.
8. If you choose Everything else, continue with on onscreen interview until complete.
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