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Diamond_Dog

11/27/23 1:25 PM

#79696 RE: hdsmonkey #79695

From what I've done through the years to take the loss you just need to
tell them to liquidate and close out the desired equity so it reflects in this
years tax season, this can be done right up until the last trading day of
the year

Personally I'm not doing that but everyone has their own path so if that's
what you want to do it's quite easy.

Best of Luck to Ya

D_DOG

kex0414

11/27/23 3:38 PM

#79697 RE: hdsmonkey #79695

Worthless securities include securities that you abandon. To abandon a security, you must permanently surrender and relinquish all rights in the security and receive no consideration in exchange for it. Give them to your Broker. They throw them in their basket of goodies. Report worthless securities on Part I or Part II of Form 8949.