- 1). Wait for the 1099 form to arrive in January in the year after you sold the bond for a loss. Read box 2 in the 1099 to see the aggregate amount received.
- 2). Confirm the aggregate amount received is a loss by subtracting your sale price from your cost basis, or original bond purchase price.
- 3). Report the loss when filing tax Form 1040 on a Schedule D on line 1 or line 8, according to the Internal Revenue Service. When filing a Form 1040A, file Schedule B and report the loss on line 1. Notate the loss by surrounding the number in parenthesis, "( )."
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