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!
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.
Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.
Explore your optionsEnter your E-mail address. We'll send you an e-mail with instructions to reset your password.
©1997-2026 Intuit, Inc. All rights reserved.
Intuit, QuickBooks, QB, TurboTax, Credit Karma, and Mailchimp are registered trademarks of Intuit Inc. Terms and conditions, features, support, pricing, and service options subject to change without notice.
Security Certification of the TurboTax Online application has been performed by C-Level Security.
By accessing and using this page you agree to the Terms of Use.
© 2026 Intuit Canada ULC or its affiliated companies. All rights reserved. Intuit, QuickBooks, QB, TurboTax and ProFile are registered trademarks of Intuit Inc. Terms and conditions, features, support, pricing, and service options subject to change without notice.
Copyright © Intuit Canada ULC, 2026. All rights reserved.
© 2026, Entreprises Intuit Canada ULC ou ses sociétés affiliées. Tous droits réservés. Intuit, QuickBooks, QB, TurboImpôt et ProFile sont des marques déposées d’Intuit Inc. Les modalités, prix, fonctions et options de service et de soutien peuvent changer sans préavis.
© 2026, Entreprises Intuit Canada ULC. Tous droits réservés.
