APT MotoVox Group Inc. (MTVX)

[Sharktnk]

The premise is that the stock is worthless, from your article:

When you report a worthless-stock transaction, you don't have to put the details of the stock's demise on your return.

However, tax experts say if you're questioned by the IRS, you need to be prepared to show:

•There is no hope investors will ever get anything for their holdings. This isn't always easy, so do your homework.

•When the security became worthless. You must reasonably determine the date the stock lost all its value.

The idea is that whether or not you officially disposed of the stock, by writing it off as 'worthless' you're essential eliminating it. In other words, if by some collusion of miracles like hell freezing over while being mauled by a polar bear and a black bear on the same day and hell thawing out again and this worthless turd of a stock regained some tradability, you would not be able to sell it without running a serious risk with the IRS. You have already written it off.