Replies to post #32611 on Cerebain Biotech Corp (fka CBBT) (CBBT)

[RMS555]

I wouldn't try to get rid of any shares, they are already bought and paid for and you won't lose anything by holding.

To sell/dispose for tax purposes means you've gained somewhere else so there is money already made to pay for those taxes.


GLTY!

[judypudy]

In order for my Dad's estate to be settled all of his holdings needed to be sold. I think you are only allowed to claim $3,000 in losses back then. I went to his broker's office and they gave me 1 penny for each worthless position. Meaning you had to turn over all the shares of that worthless stock.