yeah, no, you are right at least to some degree. I got the capital gains and person income cornfused into the mixture.. and, when ever I dumped this lotto ticket it was to enjoy the lose during that year. the only trades I recall of any consideration,were MM's passing it around for .00009. and it was delisted into the gray sheets.
I don't recall if the actions caused it to be notable as a complete loss including at the same time the issue was raised and captured by the SEC either. and still retain the stock, but,, I also didn't realize it could be deductible while you still own it..
Obviously something to keep in mind during the dumpty dump season.
Although I never liked the idea of just dumping crap over to a broker, I've dumped other junk with .0001 or no bids through the years, just to decrease my capital gains.
but if I play the lotto again,, that's surely something to keep in mind! a little research to verify because, it's sounds pretty trick writing off a no bid stock and still retain ownership, 'just incase it comes back to life in the year 2099' Doesn't sound like something the feds like,, but certainly worth looking into.