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Level 2
posted Jun 1, 2019 9:38:56 AM

A stock which was written off as worthless in 2015 has actually gained in value. Should an ammended return be filed for 2015 removing the original writeoff?

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1 Replies
Intuit Alumni
Jun 1, 2019 9:38:56 AM

No, don't do that. When you sell them just be sure to enter a cost basis of zero since you've already deducted the original cost.