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Investors & landlords
Doubtful that you will receive a 1099-B.
You are determining that the value of the stock is worthless based on the current facts.
As such, you need to retain or obtain documents that support you taking a worthless stock deduction. You will have the burden of proof if audited.
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
Also keep in mind the date of replies, as tax law changes.
‎February 24, 2026
12:54 PM