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Get your taxes done using TurboTax
Yes, if it is illegal to sell the stock you own, they would meet the criteria for worthless securities. And yes, you are correct. You would need to claim them in the year they became worthless, so if the sanctions were placed in 2022, you would write them off on the return you are currently filing. So the steps you have listed are the correct path to follow to handle your ADR's.
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‎February 16, 2023
6:54 AM
6,493 Views