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What is the best way to account for a loss with an investment account? The investment is now worth 0

Unknown Member
edited December 2018 in Investing (Windows)


  • Rtang
    Rtang Member ✭✭✭
    edited March 2017

    Enter a sell transaction at a price of $0.00. The total loss will be recognized in 2015 and any $ that cannot be used on the tax return will become a 'Carryover' to future returns.
  • Howard Roark
    Howard Roark Member ✭✭✭✭
    edited August 2016
    I suggest you ask your broker to buy your shares for $1 - I believe it is much easier to "prove" you have a loss, if you have a sale.
  • mshiggins
    mshiggins SuperUser ✭✭✭✭✭
    edited March 2017
    Quicken user since Q1999. Currently using QW2017.
    Questions? Check out the  Quicken Windows FAQ list
  • Levoy H
    Levoy H SuperUser, Windows Beta, Mac Beta ✭✭✭✭✭
    edited February 2017
    ditto.  Those shares may be worthless, but as long as you own them there is no loss to claim.  You need a 1099 (or equivalent) from the broker.
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