1099B loss of money due to a stock going bankrupt

jackie050169 — Thu, 06 Jun 2019 00:21:35 GMT

You can deduct worthless stock only in the tax year it be...

Marketstar — Thu, 06 Jun 2019 00:21:37 GMT

You can deduct worthless stock only in the tax year it becomes completely worthless. This normally happens when the corporation files for bankruptcy, stops doing business, and has no assets. Financial difficulties won't make a company's stock worthless unless there is no hope that the company will pull through.

Enter a worthless stock like any stock sale but with a sales price of zero and the word "worthless" in its description. Enter the correct cost or basis, date acquired, and December 31 as the date sold.

See How do I deduct worthless stock?

https://ttlc.intuit.com/questions/2899549-how-do-i-deduct-worthless-

To enter your investment sale:

Type in investment sales in the search box, top right of your screen, then click the magnifying glass
Click the jump to investment sales link in the search results
Follow to prompts and online instructions

Re: 1099B loss of money due to a stock going bankrupt

TbUser — Sat, 06 Mar 2021 21:13:24 GMT

Hi, Can someone please send the example or screenshot, how to enter this LOSS (against the Gains in 2020)?

The online form/website page does not show it clearly.

topic 1099B loss of money due to a stock going bankrupt in Investors & landlords

1099B loss of money due to a stock going bankrupt

You can deduct worthless stock only in the tax year it be...

Re: 1099B loss of money due to a stock going bankrupt