Skip to main content
March 17, 2024
Question

How to report investment loss if no 1099-B is issued?

  • March 17, 2024
  • 1 reply
  • 0 views

I have some investments on notes issued by an online platform. The platform filed bankruptcy in June 2023. As an investor, I didn't get any 1099-B for 2023.

I tried to find a way to enter this long term loss in TT without a 1099-B, since I was able to do so last year. But in TT 2023, I didn't see this question -- "Did you get a 1099-B or a brokerage statement for these sales?", which allows me to enter loss w/o 1099-B. Can anyone help? Thanks!

    1 reply

    March 17, 2024

    In TurboTax Online Premium, enter an investment by following these steps:

     

    • Click on Federal down the left side of the screen.
    • Click on Wages & Income down the left side of the screen.
    • Scroll down to Investments and Savings and click the down arrow to the right.
    • Click Start / Revisit to the right of Stocks, Cryptocurrency, Mutual Funds, Bonds, Other.
    • You may have to click Add investments.
    • At the screen Let's import your tax info, click Enter a different way.
    • Click on Stock, Bonds, Mutual funds. Click  Continue.
    • At the screen Which bank or brokerage is on your 1099-B, enter the information. Click Continue.
    • Do these sales include any employee stock, click No.
    • Do you have more than three sales on your 1099-B, click No.
    • Do these sales include any other types of investments, click No.
    • Did you buy every investment listed on your 1099-B, click Yes.  Click Continue.
    • At the screen Now, choose how to enter your sales, select One by one.  Click Continue.
    • At the screen Look for your sales on your 1099-B, click Continue.
    • At the screen Now enter one sales total on this 1099-B, enter information. Click Continue.
    • Repeat as necessary by clicking  Add another sales total.  Click Continue.

    In TurboTax Online, enter an investment by following these steps:

     

    • Go to Federal / Wages & Income / I'll choose what I work on / Investment Income.
    • Click Start / Revisit to the right of Stocks, Cryptocurrency, Mutual Funds, Bonds, Other.
    • Click Add investments.

     

    **Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"