[{"data":1,"prerenderedAt":7},["ShallowReactive",2],{"faq-standard-3434":3},{"rec_id":4,"title":5,"text":6},"3434","Worthless Stocks","Menu Path: \u003Ci>Income > Common Income > Investments and Savings (1099-INT/DIV/B/DA)\u003C/i>\r\n\u003Cbr>\u003Cbr>\r\nYou can take a capital loss on \u003Ci>Schedule D\u003C/i> in the year the security becomes totally worthless. The stock or bond must be completely worthless or permanently abandoned to be deducted. A deduction can't be taken for a partially worthless stock or bond.\u003Cbr>\u003Cbr>\r\n\r\nEnter a worthless stock or bond on the \u003Ci>Stock or Investment Sale Information\u003C/i> screen. Enter a sales price of zero. Enter the cost basis (amount you paid) of the stock and the date it was acquired. Enter December 31, 2025 for the date sold since worthless stock is considered to be disposed of on the last day of the year. The resulting loss will be either long-term or short-term, depending on how long the stock was held.\u003Cbr>\u003Cbr>\r\n\r\nOn the \u003Ci>Additional Investment Information\u003C/i> screen, check the box indicating this is a disposal of worthless stock.",1777391556167]