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mariodieckmann
New Member

Can I write off a stock investment in 2020 for a stock that I bought several years ago for $5850 and is now worth $231?

 
2 Replies
Anonymous
Not applicable

Can I write off a stock investment in 2020 for a stock that I bought several years ago for $5850 and is now worth $231?

you must sell them to take the loss.

fanfare
Level 15

Can I write off a stock investment in 2020 for a stock that I bought several years ago for $5850 and is now worth $231?

right now would be a good time to sell if you want the loss deduction on your tax return.

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