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JQ25
Returning Member

I relinquished my worthless securities on E*TRADE, but they are not listed on Form 1099. How can I claim the losses from this sale, and which form should I use?

Are there any specific rules or requirements I need to be aware of when reporting worthless securities for tax purposes?
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1 Best answer

Accepted Solutions
AmyC
Expert Alumni

I relinquished my worthless securities on E*TRADE, but they are not listed on Form 1099. How can I claim the losses from this sale, and which form should I use?

Follow these steps:

  1. You will go to the federal income section.
  2. Locate investment income
  3. Select Stocks, crypto, bond, other
  4. Enter your information
**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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4 Replies
AmyC
Expert Alumni

I relinquished my worthless securities on E*TRADE, but they are not listed on Form 1099. How can I claim the losses from this sale, and which form should I use?

They will be reported on sch D provided you meet the requirements. Full instructions and requirements for how to write off your loss from worthless stock can be found at Losses (Homes, Stocks, Other Property) 1 - IRS 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
JQ25
Returning Member

I relinquished my worthless securities on E*TRADE, but they are not listed on Form 1099. How can I claim the losses from this sale, and which form should I use?

Thanks @AmyC  , I'm filing online. Where can I find Schedule D ?

AmyC
Expert Alumni

I relinquished my worthless securities on E*TRADE, but they are not listed on Form 1099. How can I claim the losses from this sale, and which form should I use?

Follow these steps:

  1. You will go to the federal income section.
  2. Locate investment income
  3. Select Stocks, crypto, bond, other
  4. Enter your information
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
JQ25
Returning Member

I relinquished my worthless securities on E*TRADE, but they are not listed on Form 1099. How can I claim the losses from this sale, and which form should I use?

Thanks again 

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