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Microcap & Penny Stocks : MIDL .... A Real Sleeper
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To: john rieck who wrote (5745)5/24/1999 12:10:00 PM
From: Joe Algermissen  Read Replies (1) of 7039
 
My understanding is that you can declare a stock worthless during the year that it stopped trading - 1998. So you could file an amended tax return (1040 X) for last year. This would be better than selling it, since if it comes back to life, you'd still own it (with a basis of $0.00).

Joe
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