Greetings all,
I have a Robinhood account where-as I purchsed ABC company in 20 transactions, starting from June 2023, and the last purchase was 03/22/2024 as noted below. This company went bankrupt in 2024 and all is lost. The broker did not report these on my 2024 1099b, now I need to enter them individually. Here's my question or two.
1. The transactions on March 3rd, 2024 - would they be considered short term, even though it's part of the same company/batch?
2. Now, I do not have a 1099b for these, so my only choice when entering these would be: ' Long Term did not recieve 1099b form', and of course short term for the March 2024 ones. Am I correct in selecting this option? There's also ' Long-term basis not reported to IRS ( Covered or Non covered) ?
3. In the description box, I would enter for each line item: '50 shares of ABC company - Worthless' ? Is that correct. Date sold would have to be 12/31/2024 I believe. On the next screen, your presented with some other options and I selected 'Worthless stock'. Does all this sound correct?
4. After I enter all 20 into Turbo Tax, will I be able to file electronically or do I need to mail a paper copy to the IRS? (I read this somehere).
That'all I have. Thanks guys!
20 buy transactions for the same stock.
| 3/22/2024 |
| 3/22/2024 |
| 1/25/2024 |
| 1/25/2024 |
| 1/25/2024 |
| 1/25/2024 |
| 1/18/2024 |
| 1/11/2024 |
| 1/2/2024 |
| 12/21/2023 |
| 12/20/2023 |
| 12/9/2023 |
| 12/5/2023 |
| 11/22/2023 |
| 11/11/2023 |
| 10/26/2023 |
| 10/24/2023 |
| 8/17/2023 |
| 6/26/2023 |
| 6/23/2023 |
