You would report the loss as a sale of stock in TurboTax as follows: Choose the Federal option on your left menu bar Choose Wages & Income Choose the Investments and Savings (1099-B, 1099-INT, 1099-DIV, 1099-K, Crypto) option Choose Add investments Choose the Stocks, Bonds, Mutual Funds option and follow the instructionsEnter the date you purchased the stock, date it was liquidated, cost and sale proceeds (amount distributed to you.) It will be a capital loss, which are limited to a net deduction of $3,000 per year.

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idjit

Question

How do I enter capital loss from dissolution of a company in which I owned stock and received a non-dividend distribution (stock didn't quite go to zero)?

Forum|Forum|3 years ago
March 23, 2023
1 reply
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TurboTax Premier Online

ThomasM125

You would report the loss as a sale of stock in TurboTax as follows:

Choose the Federal option on your left menu bar
Choose Wages & Income
Choose the Investments and Savings (1099-B, 1099-INT, 1099-DIV, 1099-K, Crypto) option
Choose Add investments
Choose the Stocks, Bonds, Mutual Funds option and follow the instructions

Enter the date you purchased the stock, date it was liquidated, cost and sale proceeds (amount distributed to you.) It will be a capital loss, which are limited to a net deduction of $3,000 per year.

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idjitAuthor

Thanks for the reply! I received a 1099-DIV with the nondividend distribution in Box 3, which I entered into TurboTax. To make sure, I should leave this 1099 DIV I've entered into TurboTax and add an additional investment to show the loss per your instructions?