IRS, Tax related strategies--Traders Message Board

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Strategies & Market Trends : IRS, Tax related strategies--Traders

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To: Colin Cody who wrote (1345)	4/15/2001 9:29:45 PM
From: David Bogdanoff	Read Replies (1) of 1383

Colin; A small oil stock I own sent bankrupt and was listed as having zero value in my broker's Feb. 2000, statement. I learned from reading a popular guide to taxes that this is not good enough for the IRS to establish the stock as being worthless, and it is obviously too late to take any action in 2000 to establish a loss in that year. Is there any service (such as CCH inc.) that I could use to establish the zero valuation of the stock? Thanks in advance. David

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