Sulja Bros. Building Supplies, Ltd (SLJB)

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Abandoned Shares
•It's also possible to deduct the value of shares abandoned after March 12, 2008. Abandoned shares are those in which you've surrendered all rights in and received no consideration for. This could occur as part of an irrevocable trust or other financial planning strategies. The IRS strictly examines all the circumstances surrounding the transaction to determine whether it is truly an abandonment rather than a sale, exchange or gift.


Read more: Are Worthless Stocks Tax Deductible? | eHow.com http://www.ehow.com/about_5419168_worthless-stocks-tax-deductible.html#ixzz18rUVjlGB



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