Question

I have an investment in a Real Estate Investors Trust that went bankrupt this year. I want to declare the loss this year. How do I do that? No 1099.

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This would be a loss on an investment.

Follow these steps to enter your investment loss in TurboTax:

While in the Federal section of TurboTax:

1. Income and Expenses

2. Investment Income

3. Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B)

4. Indicate that you don't have a 1099-B form

5. Choose the I'll enter one sale at a time option

6. Enter the sale information while making the sale amount $0

You will have a capital loss, which is deductible against other capital gains and then ordinary income up to $3,000 per year.

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