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January 24, 2023
Question

Where/How do I claim investment loss on small corporation investment (no 1099 or 1095)?

  • January 24, 2023
  • 1 reply
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invested in 2020.  Company filed for bankruptcy and disbanded (legally) in 2022

1 reply

PatriciaV
Employee
January 24, 2023

You may claim a capital loss for this investment. Enter the information under Federal Taxes >> Wages & Income >> Investment Income >> Stocks, Mutual Funds, Bonds, Other. Choose to enter "one sale at a time" and report the relevant dates and your initial investment. Your loss for this investment will be shown on Schedule D. Note that capital losses are limited to $3,000 per year, unless they can offset other capital gains. Unused losses carry over to future years until used up.

 

See also: IRS Tax Topic 409 - Capital Gains and Losses

 

 

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