Huh?? whenever you dump a completely dead stock for tax loss to broker,, you're not selling, and in some cases the broker might charge ay 10 bucks or so.. The broker takes them off your hands, and you get nothing. And for all I know they just might hang on to them forever in storage waiting for another run, LOL.
The value is using the loss against your unearned taxable income.. Albeit, depending on how you're holding them because, if personal the feds only let you deduct small amounts each year. 'I think it's up to $3,000 per year limit, every loss from any or all stocks combined $3,000 per year and you have to spread out anything higher over 5 years or so. "I know yeah, That's BS!" And SERIOUS BS if you made $10K on one stock but lost $10K on another or did so in one single stock too. because the feds will see you as profitable for $7K and you get the luxury of paying unearned taxes for that $7k! but that's the rule.
Some people use a small corporation to retain their stock trades, and it's costly but gives the benefit of using higher amounts against earnings. Then again 'who's actually planning for losses?' LOL!
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