How to report an investment loss

Forum|Forum|1 year ago
February 5, 2025
1 reply
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I invested in a company that went under. I don't have a 1099-B . How do I report the loss?

DawnC

Employee

You don't need a 1099-B to report investment losses. Capital gains, losses, and 1099-B forms are all entered in the same place:

Open or continue your return.
Navigate to the investment sales section:
- TurboTax Online/Mobile: Go to investment sales.
- TurboTax Desktop: Search for investment sales and then select the Jump to link.
Answer Yes to the question Did you have investment income in 2024?
- If you land on the Your investments and savings screen, select Add investments.

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chelsea-k-wardAuthor

Thank you! I found that page but it looks like it requires a 1099-B. I can't seem to find a place to enter information without one.

ThomasM125

The entry screen will reference a Form 1099-B so you can enter your investment sale as though you had that form. When asked for the name of your broker, you can enter "NA" for not applicable. It will be easiest to choose the Sales section totals option on the screen that says Now, choose how to enter your sales:

On the next screen, enter in your sales proceeds and cost basis. You'll see a reference to mailing in your Form 1099-B, but just ignore that as you don't have one.