VLVT (was CSMA) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : VLVT (was CSMA)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: FTJoe who wrote (4155)	12/31/1997 11:21:00 PM
From: Dick Jaffe	Read Replies (1) of 11708

Actually,FTJoe, when you are holding a stock at a loss and the stock's value is so low that the cost of selling exceeds that value, all you need to do to legally claim the loss on your return is show it on your Schedule D as worthless on 12/31. You back this up with a letter from your broker stating that the cost of sale exceeds the stock's value. This will be accepted by the IRS in lieu of a confirmation showing the sale. Unfortunately, I have had a number of those over the years and have never had a problem reporting them in this fashion. Dick

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next