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If I receive a 1099-B on the sale of worthless stock, do I still need to report it?
The 1099-B shows a sale of 0 on the worthless stock . The worthless stock went worthless over 16 years ago so I'm not allowed a tax loss. I also have no idea what the cost basis is. However, do I still need to report the sale on form 8949 even though there is no income? If so, how would I need to report it?
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‎June 6, 2019
2:52 AM