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April 7, 2022
Question

Why will TT not save the Sold/Disposition date from 1099B on bankrupt stock? Always changes it to 12/31/21.

  • April 7, 2022
  • 1 reply
  • 0 views
Occurred on data uploaded directly as well as on individual edits of the sale.

1 reply

April 9, 2022

Worthless stock is treated as sold on the last day of the year in which it became worthless. No adjustments need to be made.