Can i deduct non-traded worhless security

investment that is not traded on an exchange but is now worthless. Can it be deducted on my tax return?

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Can i deduct non-traded worhless security

Yes. You enter it as a sale of stock. Enter zero as the sale amount and 12/31/2016 as the sale date.

In TurboTax, go to: Federal Taxes > Income & Expenses

Scroll down to Investment Income and Show More

Select Stocks, Mutual Funds, Bonds, Other

Answer No to the 1099-B/Brokerage Statement question

Choose the type of investment

Use "worthless" in the description, e.g. ABC Company worthless stock, zero proceeds, sold on 12/31/2016

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Can i deduct non-traded worhless security

Yes. You enter it as a sale of stock. Enter zero as the sale amount and 12/31/2016 as the sale date.

In TurboTax, go to: Federal Taxes > Income & Expenses

Scroll down to Investment Income and Show More

Select Stocks, Mutual Funds, Bonds, Other

Answer No to the 1099-B/Brokerage Statement question

Choose the type of investment

Use "worthless" in the description, e.g. ABC Company worthless stock, zero proceeds, sold on 12/31/2016

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