Replies to post #34425 on China MediaExpress Holdings, Inc. (fka CCME)

[Traderfan]

Who cares WHERE you sell it as long as you sell it, or tender it to your broker for nothing, and have a record of the date you got rid of it and what the proceeds, if any, were?

My point was that if one wants to use his CCME losses to offset his gains elsewhere, one obviously needs to sell his shares in the same year where one wants to offset his gains. At least that is the case here in my country.

Obviously if one still holds his CCME shares right now he couldn't do that yet. That was what I was referring to.

[Floridana]

I had to fill out a "Worthless Securities" form for my broker to make the transaction official - now I can use the loss for tax year 2013.