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aerial12
New Member

Had investment in a co. that went bankrupt, wrote off as a capital loss in 2020, received 1099-B showing loss in 2023

I had RSU which were fully vested in Jan 2020, the company declared bankruptcy (Chapter 11) in Q4 of 2020. I wrote everything off in 2020 tax return. Final court proceedings were in Q2 2022 and I received a 1099B showing a loss. What do I need to do in my 2022 return? I've already claimed the full loss in 2020 but am assuming I need to somehow link it since the 2023 1099-B was sent to the IRS also.

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1 Reply
ThomasM125
Expert Alumni

Had investment in a co. that went bankrupt, wrote off as a capital loss in 2020, received 1099-B showing loss in 2023

If the Form 1099-B reports a loss, then you don't need to report it on your tax return. The IRS will not be conerned about it since it reflects a loss. 

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