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kex0414

11/27/23 7:14 PM

#79699 RE: hdsmonkey #79698

Think! Hypothetical: You own 100 shares of FudgFux @ $10.00 each. It drops to $1.00 each. You bail and dump at $1.00 each.
What shows on your 1099 from your Broker; Worthless or $900.00 loss? The requirement is that shares must be out of your control. Worthless is subjective.
Did your Broker refuse to take the shares?

By the way..... I seriously doubt that you are in a position to trade in either of the two groups you mentioned.