How do I claim a tax loss on a stock in certificate form where the stock has been revoked by SEC? and OMG! My Stock Price is Dropping!!! Who cares?

How do I claim a tax loss on a stock in certificate form where the stock has been revoked by SEC?

Stock was revoked by SEC in 2009 and no longer trades. The broker will not accept the certificate back.


Stock best answer:

Answer by Mathew
Declare the stock worthless and take a total loss of the basis on Schedule D.

Stock

OMG! My Stock Price is Dropping!!! Who cares?


Image by Chris Pirillo
empireavenue.com/PIRILLO

I had to take this screen shot to better combat a few of your (appreciated, but misdirected) concerns over my current stock price on Empire Avenue.

A stock price (alone) is not an indication of its overall value.

Remember when I said that any stock with a 1.0% share (or higher) was a keeper? Well, what do you think a stock with a 2.0% share (or higher) is?

You would have to find two separate stocks selling at less than 83.50 per share and offering more than 245,000 dividends with a 1.02% share return (this is NOT ROI) to gain as much in return compared to what "PIRILLO" drives. If you find those two stocks, let me know - because they'd make great investments today. ;)

go.tagjag.com/empiretips

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