InvestorsHub Logo
Followers 12
Posts 419
Boards Moderated 0
Alias Born 05/02/2014

Re: Meilo post# 78192

Sunday, 01/17/2021 1:39:37 PM

Sunday, January 17, 2021 1:39:37 PM

Post# of 78243
Truth is nobody but Benny Powell knows. We have not heard from him in two years at this point back when he promised relisting soon.

Your shares still exist. You have two choices. You can hold and pray they relist or you can contact your broker and have them write them off as a total loss stock. You then take that loss as a write off on your taxes, maximum of $3,000 a year, unlimited carryover until the loss value is achieved.

I was going to write mine off a few months ago but when I did the math it didn't really save me anything on my taxes. I figured they aren't hurting anything sitting there delisted and until they are useful to me as a tax write-off, I might as well keep them. Who knows... Maybe Benny will surprise us...

-PI
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.