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LouisDesyjr

09/27/16 12:49 PM

#4620 RE: runncoach #4618

No bid procedure

What you can do, if the stock goes 'no bid' (no one will buy shares at any price, even below $0.0001), is that you can ask the brokerage firm to take 'the stock off your hands'. In effect, you give it to the broker firm for nothing, but since you have now closed the position, you can claim the stock loss in that year.

Louis J. Desy Jr.


integral

09/30/16 11:09 AM

#4632 RE: runncoach #4618

Worthless Securities can be used to offset capital gains.