You will have to enter as an investment like worthless stock--to report your your loss. You can report it in the year they are deemed to be completely worthless. This usually happens when a company stops doing business or files bankruptcy. You should be prepared with your proof and retain it in your tax file.
The sales price would be zero and the cost basis would be what you actually paid for the stock and December 31st as the date of sale. You should use the description as 'Worthless'.
To enter worthless stock as investment sales:
You will have to enter as an investment like worthless stock--to report your your loss. You can report it in the year they are deemed to be completely worthless. This usually happens when a company stops doing business or files bankruptcy. You should be prepared with your proof and retain it in your tax file.
The sales price would be zero and the cost basis would be what you actually paid for the stock and December 31st as the date of sale. You should use the description as 'Worthless'.
To enter worthless stock as investment sales: