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Re: goalpost post# 106993

Wednesday, 05/23/2012 2:24:36 PM

Wednesday, May 23, 2012 2:24:36 PM

Post# of 111214
Actually, most clearing agencies have a program where they accept surrendered stock for tax loss purposes. The clearing agent gets the stock, and you get the tax write-off. It is the best way when, as may be the case for penny trash like EIGH, the brokerage fee may exceed the value of the stock (and it also avoids EIGH's problems of no market and grey sheets matched trades).