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The unexercised options have no value ... you have no loss on these. Once the liquidation is done and you know what you got out of it, if anything, then you can write off the loss of those stocks you actually owned.
Thanks for your reply, Critter-3. That makes sense, as the options were only options to buy.
But what about the additional options I purchased? Is the amount I paid for these deductible as a total loss?
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