I invested in a company about 15 years ago. Long story short, this year they settled on a 50K investment for 6 cents. I want to record the loss. How do I do that

Forum|Forum|1 year ago
March 2, 2025
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I didn't receive any tax documents. the investment started out as a loan and was converted to shares in the company. I have all the paperwork but turbotax is asking for a tax documet

MindyB

In order to populate the Schedule D and related 8949, you will enter the details related to the loss on the investment income section of TurboTax.

To accomplish this, here is how to enter the information in TurboTax Online:

Navigate to Federal > Wages & Income > Investments and Savings (1099-B, 1099-INT, 1099-DIV, 1099-K, Crypto) > Add/Edit
Choose Add Investments, then Enter a different way
Choose "Other" as the investment type and continue
Choose a description
It will ask "What type of investment did you sell?", answer according to what type of investment this was
Complete the rest of the information requested in the interview