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Re: harr449 post# 43067

Thursday, 10/14/2021 10:11:15 PM

Thursday, October 14, 2021 10:11:15 PM

Post# of 45152
Here harr449 This should be posted for correct information



A deduction for worthless stock needs to be taken in the year in which the stock becomes worthless. ... However, the IRS generally accepts a 1099-DIV from the company or a letter from your broker that the company has been delisted and that the stock no longer has any value.
http://www.boston.com › 2012/02
Tax Implications of Worthless Stock - Managing Your Money -