Replies to post #4926 on Grupo Resilient International Inc (GRUI)

[The_Free_Nebula]

Yes....Etrade has a worthless securities form...I would imagine your broker has one as well...

[gtoguy]

Yankee,

I've had a few like that. I just closed my position (online) as you would if it was worth something. It took it off my list of holdings and I was not charged a transaction fee.
It's been a while but I'm pretty sure that's how it worked.

[wolfandbear]

WorldCom worthless.. youll be able to take the loss.. Id call em

[CaptWhizbang]

Yankee, forgive me for butting in. I just took my Gainskeeper statement to my accountant, and I can take a sum total of $3,000 deduction for losses every year, even if I show a gain, untill the loss I incurred is payed off, in total. It doesn't matter how many years it takes. I believe if you did not claim a loss for the first few years that it occured, you can still take it a year at a time, I don't know if you can take the total unclaimed years all at once. But those unclaimed years are not just wipped away because you didn't claim them. Forgive if I have offered unasked for advice. Best of luck to you YankeeAce.