How to report capital loss without 1099

Forum|Forum|6 years ago
February 13, 2020
1 reply
0 views

Four years ago, I purchased $5,000 worth of series A preferred shares in a start up that was doing grassroots fundraising. That company has now dissolved and I need to report the $5,000 as a capital loss. The company did NOT issue a 1099. Where do I record this in Turbo Tax?

LudwigVan_fan

Employee

I don't know the ins and outs of entering things in TT. However, what you have is a long-term capital loss...and ultimately belongs on Sch D. I suggest looking at the entries for for Sch D or entering dispositions of capital assets...e.g., stocks, bonds, etc.

Basically, you've disposed of stock. You have a $0.00 sales price, less your cost of purchase, would equal your long-term-capital loss.

**Disclaimer: Effort has been made to offer correct information; but due to the discussion forum limitations, the poster disclaims any legal responsibility for the accuracy of the poster's response**