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Dallas66

12/10/13 5:45 PM

#27647 RE: scotty1085 #27646

this is a dead stock...you can do a few things with it. Pay your broker to have them declared worthless and take the write off...and your broker will happily do this for you...for a price.

Probably won't have time to do it this year...typically takes a few weeks to a month or more depending on your broker.

Keep in mind you can only deduct I believe $3000 a year in stock losses.....something to verify as I haven't checked it for a few years.

You can get a cert by requesting your broker send it to you....again a cost to that as well.

Frame the cert and hang it over your toilet ...I did this

use the cert for toilet paper

keep the shares and hope by some fantastic miracle it comes back.