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HereToFightScams

06/18/20 11:02 AM

#104778 RE: ADXSINC #104777

They won't get a writeoff because they will never sell. They will die and their heirs will get a worthless stock. That is an interesting point I never really investigated. If you inherit a garbage stock then sell it, what is your cost basis, zero? That would be a kick in the pants. You inherit Blue's stock worth $200 that he paid over $400k, then you have to pay tax. Pretty funny if you think about it.