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Level 1
posted Mar 21, 2020 6:48:05 PM

Within Turbotax, how can I get a Form 8949 for a bad $5000 non-business loan? I have no other non-tax sheltered investments. An uploaded Form won't be accepted, either!

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1 Replies
Not applicable
Mar 21, 2020 7:08:50 PM

in forms mode search for 1099-b worksheet. enter description as non-business bad debt   cost $5,000.

cost basis not reported to IRS.  for sale date the date it became totally worthless.  acq date - various.  

as a capital loss a maximum of $3000 will be deductible in 2019 the balance will carryover to 2020