Can't sell a stock

Can't sell a stock

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Anonymous
Can't sell a stock 2016-07-15 05:14:33 Post No. 1382660
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Can't sell a stock Anonymous 2016-07-15 05:14:33 Post No. 1382660 [Report]

Gambled a little on a penny stock, and lost. Now it's worth 0001, and so can't be sold. Big deal, lost 600, I have gains far beyond that.

However, unless I sell it, I can't count that loss against my gains for tax purposes. Is there anything I can do?

>pic unrelated

Anonymous 2016-07-15 05:18:20 Post No.1382665
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Anonymous 2016-07-15 05:18:20 Post No.1382665 [Report]

If you're truly unable to sell it, you can take a worthless stock deduction. Its the same way people declare losses when their stock is cancelled, for example in a bankruptcy case.

Anonymous 2016-07-15 05:21:14 Post No.1382666
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Anonymous 2016-07-15 05:21:14 Post No.1382666 [Report]

hmm. i'm no expert but don't you have to do end of year mark to market for taxes?

Anonymous 2016-07-15 05:22:54 Post No.1382668
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Anonymous 2016-07-15 05:22:54 Post No.1382668 [Report]

>>1382665
Thank you, I'll look that up, sounds like what I'll end up doing since it's flatlined for the past 2 months.

I'm aware that Imgur.com will stop allowing adult images since 15th of May. I'm taking actions to backup as much data as possible. Read more on this topic here - https://archived.moe/talk/thread/1694/

I'm aware that Imgur.com will stop allowing adult images since 15th of May. I'm taking actions to backup as much data as possible.
Read more on this topic here - https://archived.moe/talk/thread/1694/