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stock write off

5348 Views 6 Replies 5 Participants Last post by  Cal, 
T
I have a stock that is worth zero and would like to use it for this years tax. If it has no value and can't be sold how do you write it off. I'm told there is a way but no real facts to back it up so if I could get a clear answer I would appreciate if someone could simplify it for a regular working person,thankyou
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Agreed

To get it off your broker's books you need to phone your broker. Each works differently. Some you just ask. Some you sign a form saying you give them the stock or sell it to them for a pennie, etc.
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