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Re: molly1 post# 35607

Monday, 11/14/2011 12:49:17 AM

Monday, November 14, 2011 12:49:17 AM

Post# of 75794
This will be my first year to do taxes with investments. This information will be helpful for you.

http://www.irs.gov/publications/p550/ch04.html

It's long. You will have to just go through it and figure out what applies to you. I do remember some of this stuff in tax class.

Hopefully some of the example can be a benefit to you.

I thought the "worthless security" section was interesting. I just glanced through it. Never was taught that one in school.

If things really go bad for this stock, maybe it could be defined as a "worthless security"? I don't know. Hopefully we don't have to figure that one out.