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AskMrOwl

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AskMrOwl

Re: exoman post# 28625

Monday, 04/05/2010 2:06:23 PM

Monday, April 05, 2010 2:06:23 PM

Post# of 47790
Re: Worthless stock

I believe that if the stock actually goes to zero and stops trading and becomes listed as a number instead of a ticker symbol in your account (deregistered) then you can write it off without selling. (I did this with TFCT/TFCY) If the stock is still trading then you need to sell to get your write-off.

http://www.bankrate.com/finance/money-guides/writing-off-a-worthless-stock.aspx
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