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February 20, 2025
Question

Where/how on TurboTax do I enter worthless stock losses last year?

  • February 20, 2025
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    1 reply

    February 20, 2025

    You enter your stock loss as an investment sale with a sales proceeds of $0 and a cost basis equal to what you paid for it.

     

    You enter investment sales in the Wages and Income section of TurboTax, then Investments Sales, then Stocks, cryptocurrency, Mutual Funds, Bonds, etc...

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