InvestorsHub Logo
Followers 15
Posts 442
Boards Moderated 0
Alias Born 12/20/2014

Re: ttrader707 post# 36425

Wednesday, 12/13/2017 5:38:02 PM

Wednesday, December 13, 2017 5:38:02 PM

Post# of 45586
Somebody wrote off their shares with their broker so they could record the loss this tax year. Since the stock is still trading, you can’t claim zero value and write it off, so your broker can buy your shares for 1 cent and you take the loss.