Question

I have a stock that was cashed out by the stock company at a loss

Forum|Forum|2 years ago
April 3, 2024
1 reply
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I bought the stock probably in 2010 for $2100 and it was sold out by the stock company in November. They just put a deposit of $230 in my account

TurboTax Live Deluxe Online

T

ThomasM125

I think you mean you purchased shares of stock that cost you $2,100 in 2010 and received $230 for their sale in 2023. If so, you need to enter that in the Investment Income section of TurboTax, then choose Stock, cryptocurrency, Mutual Funds, Bonds, Other. Choose Stocks, Bonds, Mutual funds for the type of investment sold. Work through that section to report the sale proceeds and cost basis of the shares sold. You will have a long term capital loss equal to the sale amount less cost basis.

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