Income Taxes and Record Keeping ( tax ) Message Board

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Strategies & Market Trends : Income Taxes and Record Keeping ( tax )

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To: RavMan who wrote (1580)	12/10/1998 2:42:00 PM
From: Colin Cody	Read Replies (3) of 5810

Assuming the stock has stopped trading but is not worthless and you want to get a loss tax for 20% of the stock you'd need to sell 20% of your shares to someone, perhaps for $1 for the 20% lot. Then you need to deliver the shares (have them removed from your account) when this happens you have your loss. Colin

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