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Worthless stock deductions in general. The owner of

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Clj20   Sunday, 12/30/18 04:55:40 PM
Re: integral post# 15306
Post # of 15375 
Worthless stock deductions in general. The owner of stock that becomes worthless generally may deduct its tax basis in the stock as a worthless stock loss for the year in which the stock becomes worthless. ... Consequently, it is often prudent to claim the deduction for the year in which the stock first becomes worthless



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