rschule1
Expert Alumni

Retirement tax questions

Hi There - If completely worthless, then you can write off stocks as if sold by completing IRS form Schedule D, calculating loss (Cost less Sales Price $0) and deducting a capital loss of up to $3000 per year and carrying over any remainder of loss (if applicable).

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"