Replies to post #35607 on FBC Holding Inc (FBCD)

[MrPics]

This will be my first year to do taxes with investments. This information will be helpful for you.

http://www.irs.gov/publications/p550/ch04.html

It's long. You will have to just go through it and figure out what applies to you. I do remember some of this stuff in tax class.

Hopefully some of the example can be a benefit to you.

I thought the "worthless security" section was interesting. I just glanced through it. Never was taught that one in school.

If things really go bad for this stock, maybe it could be defined as a "worthless security"? I don't know. Hopefully we don't have to figure that one out.