What are the steps required to enter a loss for a delisted stock in Turbot Tax Premiere 2020?
It seems like instructions for this ought to be easier to find.
THANK YOU
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delisting doe not mean worthless. many stocks that are delisted are listed on pink sheets (may be others) because they still trade. the IRS says until a stock is totally worthless you can not take a loss. once it is you enter it through 1099-B worksheet like any sale. date sold is 12/31/2020 (the IRS says use end of the year date for worthless security) finally the type of transaction (box 12a is O like in Ohio
Thank you. And, the stock is truly worthless.
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