Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jan 2, 2023 11:00:54 AM

SAFE Notes

I was an angel investor for a friend's startup.  In tax year 2022, the company was wound up and dissolved.  My SAFE note was rendered worthless.  Any guidance on how to disposition this as a loss in the web version of TurboTax?  I see one similar post from a couple of years ago, but the prompts are now different in the newest version of the software.  The startup won't be sending out any tax forms (e.g., 1099).  Thanks!

0 2 363
2 Replies
Level 15
Jan 2, 2023 11:42:21 AM
New Member
Jan 5, 2023 6:01:10 PM

Thanks, but I'll give this thread a bit more time.  I've not usually had good experiences waiting on hold and explaining things to people multiple times.  Not even sure most people know what a SAFE note is. 🙂