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January 2, 2023
Question

SAFE Notes

  • January 2, 2023
  • 1 reply
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I was an angel investor for a friend's startup.  In tax year 2022, the company was wound up and dissolved.  My SAFE note was rendered worthless.  Any guidance on how to disposition this as a loss in the web version of TurboTax?  I see one similar post from a couple of years ago, but the prompts are now different in the newest version of the software.  The startup won't be sending out any tax forms (e.g., 1099).  Thanks!

1 reply

Employee
January 2, 2023
sloshaneAuthor
January 6, 2023

Thanks, but I'll give this thread a bit more time.  I've not usually had good experiences waiting on hold and explaining things to people multiple times.  Not even sure most people know what a SAFE note is. 🙂