What if I have worthless stock?
If you had stock that became worthless (has no value) in 2025, you'll enter it as a stock sale like this:
Date Acquired: Date you got the stock
Date Sold or Disposed: 12/31/2025
Sales Proceeds: $0
Cost or Other Basis: The amount you originally paid for the stock
Also, on the Additional Investment Information screen, be sure to check the box that says, This is a disposal of worthless stock
Date Acquired: Date you got the stock
Date Sold or Disposed: 12/31/2025
Sales Proceeds: $0
Cost or Other Basis: The amount you originally paid for the stock
Also, on the Additional Investment Information screen, be sure to check the box that says, This is a disposal of worthless stock
