Edit, removing company names and crowdfunding site, as my post keeps getting marked as spam.
I don't have experience with stock investments, but did try investing in a private startup on a crowdfunding site. It went public last year, merged with another company, didn't do well, and ended up doing a reverse stock split, and buying me out because I didn't have enough investment to get even one stock after the split.
So I invested around $130 during their startup on the crowdfunding platform, and then I ended up with $4.50 when all was said and done.
So now I have a consolidated for 1099, which has:
1099-DIV* showing line 1a "Total Ordinary Dividends" at 0.03 and 0.00 in the rest of the lines (including Federal Income tax withheld 0.00 in bold)
1099-INT* with 0.00 in all lines (also including Federal Income tax withheld 0.00 in bold)
1099-MISC* with 0.00 in all lines (also including Federal Income tax withheld 0.00 in bold)
1099-B Section with 0.00 in all rows except the, "Transactions for which basis is not reported to the IRS and Term is Unknown" row. The columns for this row are as follows: Total Proceeds 4.50, Total Cost Basis UNKNOWN, Realized Gain/Loss UNKNOWN, and 0.00 in the rest of the columns.
1099-B*
Action: Cash In Lieu Quantity: 0.676, 1b date acquired: Unknown, 1c Date Sold or Disposed: 11/12/24
1d Proceeds:4.50, 1e Cost or Other Basis (b): Unknown, and 0.00 in the rest of the columns.
And finally, 1099-DIV Transactions
Date, 1a Total Ordinary Dividends(includes 1b, 2e & 5), Dividend Distributions
11/29/24, 0.01, 0.01
12/31/24, 0.02, 0.02
Subtotals 0.03 0.03
The $4.50 is still sitting in my individual account in fidelity, and I'm am not sure how to proceed entering these documents. Can this be done strictly with the Deluxe version (which I have) or do I need to upgrade to the Premier version?
Also, because this is a loss, is it my choice to even enter any of this information and claim on my taxes? If entered, it doesn't seem like any of my initial investment dollar amount from initial crowdfunding investment carried over in anyway to the tax documents. How do I proceed? Thank you in advance for any help on this.
