I have a question about how to deduct a stock that my brokerage firm won't remove from my account. Situation:
Purchased a stock in 2001. The company declared bankruptcy in 2004. The bankruptcy proceedings ended in late 2006. There was never another mention of them, there are no documents or anything whatsoever since that time. I've spoken to my brokerage firm over and over during the years, and while they say it's been delisted, it still sits in my account at $0.00 value, but they say it cannot be disposed of yet, as they don't have an indication that it is completely done. I cannot speak to the dept that keeps making this determination.
What do you suggest? How can I simply forfeit it and declare it dead? Let's assume it is definitely worth $0 and gone.
Thanks for your time!
