Replies to post #203881 on OWC Pharmaceutical Research Corp (OWCP)

[I-Glow]

Do you believe that will work? That is very interesting.

IG

[I-Glow]

I believe that you can use your entire loss and not limited to $3000.

Nice work.

IG

[Tesla Trillionaire]

Did you already claim a loss when you sold your shares though? Or if you didn’t already sell and claim the loss, what will you do when you do sell? You wouldn’t be able to claim a theft loss now then sell shares later and claim the loss again next year or whenever. Any idea how that works? Curious about the theft loss approach.

[Tesla Trillionaire]

Tax code section 165(e) provides examples just like OWCP and states that they’re not allowed for losses. Did you have any luck claiming a theft loss?