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baomike

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baomike

Re: mikenmtv post# 4944

Monday, 04/22/2013 2:54:33 PM

Monday, April 22, 2013 2:54:33 PM

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The stock has to be worthless to get the write off.
A loss can be gotten from a sale.

Worthlessness maybe a while in coming, or at least definitive proof of it(dissolution , etc ...).

Worthless does not mean worth less than you paid for it. It means no value ever.

NB: However for a small amount, you could try and likely no one will ever notice.
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