Crowdfunding investment loss

[amyonghwee]

I invested in some portfolio (crowdfunding) in SeedInvest, which has changed to StartEngine, in 2017.

In 2022, one of them, FenSens went out of business. 

This year 2025, Sapient X just filed a dissolution and likely to be out of business.

Can I report these 2 losses in my 2025 tax returns?

[Bsch4477 · Accepted solution]

Investment losses must be claimed in the year that they occurred. 

[amyonghwee]

@Bsch4477 

Can you pls advise on the steps in Turbotax Home and Business to report these investment losses ? Thanks.

[Bsch4477]

Personal>Income>I’ll choose >Investment Income >Stocks>Did you have investment income-Yes>skip the import on the next window and follow prompts to enter asset, dates of purchase and sale and cost and proceeds (bankrupt). 

[amyonghwee]

Thanks @Bsch4477 !

I updated TT 2022 with the 2022 FenSens loss ($500), who went out of business.  As I have a significant capital loss and so 2022 loss is limited to $3000.

Looks like I have to update TT 2023 with this increased in carryover loss. Again, the capital loss is significant and 2023 loss is limited to $3000.

Coming to 2024, there is capital gain which exceeds these carryover. And there is where this $500 will reduce my tax due.

Just to claim this $500 loss, do I really have to file an amended TT return for 2022 , 2023 and 2024 ???