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posted May 29, 2024 4:25:09 AM

how to get losses in 1099 on OTC stock AuViQ , i can sell it.

AuViQ delisted today. and i can sell it but can’t buy it.

what exactly i need to do to show losses in 1099.

what happens if i don’t sell then?

i have another CRXTQ delisted but not able to sell yet. robinhood told waiting for stock liquidation and not shown losses in 2023.

when and how can i show CRXTQ losses in 1099 now 

0 1 3499
1 Replies
Level 15
May 29, 2024 9:16:22 AM

the IRS has a policy that you cannot deduct loses on a worthless security until it is totally worthless. Delisting does not mean this. 

 

delisted securities can still have value and trade in any of several OTC markets.  

 

see the thread

https://robbinsllp.com/my-stock-was-delisted/#:~:text=Once%20a%20stock%20is%20delisted%2C%20stockholders,delisted%20stock%20often%20experiences%20significant%20or&text=Once%20a%20stock%20is,often%20experiences%20significant%20or&text=stock%20is%20delisted%2C%20stockholders,delisted%20stock%20often%20experiences