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!

posted

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. 🙂