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Take Loss Delisted Stock TTPremier 2020?
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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Take Loss Delisted Stock TTPremier 2020?
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
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Take Loss Delisted Stock TTPremier 2020?
Thank you. And, the stock is truly worthless.