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You might also be able to get a replacement certificate from a stock
transfer company. Sometimes bankrupt companies are bought as shells to
merge new companies into. Apparantly that is cheaper than going the entire
sec registration route.
----- Original Message -----
From: "Dorothy Carter" <dorothy.carter@xxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Tuesday, October 09, 2001 6:22 AM
Subject: Re: [RT] Tax loss question
> Yes, if your broker were still in business you could sell it for net $1.00
> to create the loss. Most of the time when a firm goes out of business
the
> accounts are aquired by another firm...... ??? If you have proof that
> this stock is no longer trading you can write it off your taxes... if they
> ever come back in business then you would have to deal with that
> ...(Disclaimer) I'm not a CPA.. I'm only speaking from past experience. .
.
> so might best contact your CPA or tax service provider.
> ----- Original Message -----
> From: <Vaugh002@xxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Tuesday, October 09, 2001 8:49 AM
> Subject: [RT] Tax loss question
>
>
> > Take a stock like owld ,now worthless out of business ,...when to tke a
> loss
> > this year or next.... Broker held stock, now he is out of business....
can
> > not sell it , could I give it away without certifcate or just enter
zero
> > and claim it sold. Three will be many like this one for investors to
deal
> > with this year... Thay will cost more to sell than they are worth ..does
> > Uncle Sam give any relief here thanks tom
> >
> >
> > To unsubscribe from this group, send an email to:
> > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> >
> >
> >
> > Your use of Yahoo! Groups is subject to
http://docs.yahoo.com/info/terms/
> >
>
>
> To unsubscribe from this group, send an email to:
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>
>
>
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>
>
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