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kex0414

11/27/23 8:43 PM

#79701 RE: hdsmonkey #79700


I give up. It is impossible to teach those who refuse to learn.

LexTrader

11/27/23 8:44 PM

#79702 RE: hdsmonkey #79700

You are correct

kex0414

11/27/23 9:24 PM

#79705 RE: hdsmonkey #79700

One more try. If you hold the actual share certificates, sell one of your friends your shares for $1. Then list the $1 as your selling price on your tax form. However, if the shares are held “in street name”,(more likely) pay the Broker a fee and transfer the shares to the Broker. OR some (but not all) Brokers have a plan to let a client customers sell them worthless stock for $1 for the lot.

Brokers are not necessarily required for the sale or transfer of shares of stock.