JML
Level 1
03-06-2021
05:15 PM
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Where do you input the worthless investment stocks? My client thinks one of the stock he bought years ago went bankrupt and no longer included in the statements.
How to report and what information needed?
Thank you for sharing.
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George4Tacks
Level 15
03-06-2021
05:21 PM
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Report the sale in Screen 17. In the lower left Sections click Schedule D and scroll down to find the checkbox for Worthless Security.
Start your research here https://www.irs.gov/faqs/capital-gains-losses-and-sale-of-home/losses-homes-stocks-other-property/lo...
Answers are easy. Questions are hard!
JML
Level 1
03-08-2021
08:36 AM
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Thank you so much, George4Tacks.
