topic What form do I need from my bank to report tanked/bankrupt stocks? in Investors & landlords

What form do I need from my bank to report tanked/bankrupt stocks?

pissoff101 — Sat, 12 Sep 2020 20:49:41 GMT

I had stocks in a company that went bankrupt. How do I report stock losses?

VolvoGirl — Sat, 12 Sep 2020 21:00:04 GMT

Enter a worthless security as a sale on the last day of the year for $0 under

Federal On left

Wages & Income

Then scroll down to Investment Income,

Then Stocks, Mutual Funds, Bonds, Other - click Start or Update

Or type Worthless Stock in the search box

Anonymous — Sat, 12 Sep 2020 23:20:37 GMT

it is a capital loss. it will first show up on form 8949 which will flow to schedule D.