Client invested $160K in a startup that was closed mid 2019.

All investment is doomed. I see that 1244 stock needs to be reported on form 4797 line 10, but I cannot figure how to enter the information to the form.

Anyone with specific instructions on how to "flow" the data to the 4797?

Do I start on Sch D and then make a selection?

The idea is that 1244 stock is allowing $100K (MFJ) / $50K (single) deduction in the year of loss versus a $3,000 capital loss. So it is a huge difference.

Instructions or link to instructions are appreciated. 

 

 

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