How do you enter a loss for an investment in a C Corporation which has dissolved without a 1099-B form?

You can deduct worthless stock only in the tax year it becomes completely worthless. This normally happens when the corporation files for bankruptcy, stops doing business, and has no assets.

1. Open or continue your return.
2. In the search box, search for "sold second home" (this is to get you to the right section) and select the Jump to link in the search results.
3. Answer Yes on the Did you sell any stocks, mutual funds, bonds, or other investments in 2020? screen.
   • If you land on the Your investment sales summary screen, select Add More Sales.
4. On the OK, what type of investments did you sell? screen, select Other then Continue.
5. On the Tell us more about this sale screen, enter the name of the person or institution that brokered the sale.