Replies to post #331911 on Spongetech Delivery Systems, Inc. (fka SPNGQ)

[overachiever]

you can get your broker to write you a "worthless letter" and to remove the security from your account if it is not tradeable. This will allow you to take the total loss.

[big lug]

Stuck in tax limbo hell!!!

Big Lug

[BBLV]

Is there ANY way to take the loss on tax year 2010 for shares still held? Can you just write them off as a complete loss, legally?