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I purchased stock options in a privately held company, when…

Customer Question
I purchased stock options...

I purchased stock options in a privately held company, when the company was sold it was a loss. Received paper work from the companies attorney but no 1099. Can I still claim the loss on my 2015 taxes and do so electronically?

Accountant's Assistant: The Accountant will know how to help. Is there anything else the Accountant should be aware of?

No, that's all

Submitted: 2 years ago.Category: Tax
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2/29/2016
Tax Professional: Robin D., Senior Tax Advisor 4 replied 2 years ago
Robin D.
Robin D., Senior Tax Advisor 4
Category: Tax
Satisfied Customers: 18,025
Experience: 15years with H & R Block. Divisional leader, Instructor
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Hello

Yes you can claim a loss on the shares if this was an all cash buyout. You would report that on 8949 and of course any loss will first be used against gains then against other income (limit up to $3000) and then carried forward.

You should be able to still e-file your return.

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