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stock write off

5348 Views 6 Replies 5 Participants Last post by  Cal
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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these stocks have been $0.00 for quite sometime and I doubt they will ever trade again and look ripe for a capital loss. I was just looking at how if they are zero how to put that zero to drop income from other sources.If there are any more simple explanations I would gladly accept any info available out there. thank you
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