Where to put loss on online version

[itchik]

I invested in a business by buying shares and last year they filed for bankruptcy and became valueless.  They never paid out any money so it was a total loss.  Where do I add this in the online version so that I can start my capital loss $3,000 yearly claim?  I know after that it should continue showing up in following years as carryover.

[DavidD66 · Accepted solution]

You can enter the it as if you had a 1099-B reporting a "sale" with proceeds of $0, even though you don't actually have a 1099-B for your worthless stock. To enter it in TurboTax, type "1099B" in to Search and hit enter:   

  

• Click on "Jump to 1099b"  
• Answer  Yes to "Did you have investment income in 2025?"   
• Click through the program until you get to "Let's import your tax info?", and click on "Enter a different way".  
• Click to highlight the box with "Stocks, Bonds, Mutual Funds", then click on Continue.   
• Enter something for "Bank or Brokerage" and click on Continue.   
• Answer No to the Employee stock question.   
• Continue through screens until you come to the page with Now, enter one sale on your ...1099‑B  
• Enter the information for your worthless stock.
• For the sales date use the date you became aware the company filed for bankruptcy.