MaryK4
Expert Alumni

Investors & landlords

It is too early to classify as worthless stock for tax purposes.  The Wall Street Journal has said "The receipts won't be worthless-effectively they still represent an economic interest in the company. Holders could still collect dividends, for example. But only non-American entities will want to buy the ADRs, which is likely to reduce their value, and they could become difficult to trade and to value."  This IRS has not provided a firm position.

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