How do I report my investment Loss of $250,000 in a business which has gone bankrupt.? Is this Premiere Turbo software is correct or I should have another one?

[ToddL99]

TurboTax Premier will handle this transaction.

Report this in the "Stocks, Mutual Funds, Bonds and Other " interview of Investment Income. Unless a Form 1009-B was issued, this would be an "Other" transaction.

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[King-55]

Have losses on stocks like K-Mart & more. How do I report these with Premier TurbosTax?

[Critter-3]

If you sold the stock for a loss simply enter the 1099-B from the broker in the investment section. 

[SweetieJean]

You cannot claim a loss until you actually realize it, by selling the security.

[Mike9241]

what type of business? C-corp, S-corp, proprietorship, partnership.

for a C-Corp it would probably be the amount invested. for the others, they may have thrown off ordinary losses which should be deductible but then that would reduce your investment $ for $