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Lack of 1099-B from a startup that shutdown. Declaring loss on return

I bought 10,000 shares of common stock from a startup where I worked until 2017. Last year, I got a letter saying that they were shutting down. I didn't get a 1099-B from them. 

 

I tried live online help, and I don't think the person could help me since they thought that 1099-B was necessary. I received none.

 

I did the following while entering my tax return. I followed this post:

 

  • I chose "Long Term did not receive 1099-B form"
  • Total Proceed - Enter $0
  • Total Cost - Entered the actual cost of purchase

It still asks for 1099-B as shown in the snapshot below:

 

chrome_JnObB6iXvJ.png

 

I am still being asked for a 1099-B. I didn't receive one. 

 

How do I declare this stock purchase as worthless?

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1 Best answer

Accepted Solutions
MaryK4
Expert Alumni

Lack of 1099-B from a startup that shutdown. Declaring loss on return

Do not add as Stock, Bonds, Mutual Funds, instead select Other.  

 

 

 

 

 

 

 

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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1 Reply
MaryK4
Expert Alumni

Lack of 1099-B from a startup that shutdown. Declaring loss on return

Do not add as Stock, Bonds, Mutual Funds, instead select Other.  

 

 

 

 

 

 

 

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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