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How do you record a capital loss from a stock investment that became worthless in 2020 due to the finalizing of a bankruptcy proceeding. Since this was not a sale, the loss is not reported on the 1099-B I received from my Brokerage firm.
I am concerned if I enter the loss into schedule D the totals will not agree back to the 1099-B.
Thank you for your help!
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You can report the loss like any other investment sale, accept you indicate that you don't have a form 1099-B. The sale amount will be $0, and the cost will be what you paid for it. It is not uncommon to have investment sales without a form 1099-B listed on a tax return, so it shouldn't attract too much attention from the IRS.
You can report the loss like any other investment sale, accept you indicate that you don't have a form 1099-B. The sale amount will be $0, and the cost will be what you paid for it. It is not uncommon to have investment sales without a form 1099-B listed on a tax return, so it shouldn't attract too much attention from the IRS.
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