I own shares in a company that went bankrupt in 2020 and canceled its equity. I haven't sold the shares, but they are worthless. May I report the loss on my 2020 return?

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Yes, you can report the loss on your 2020 tax return. You will report it the same way you would a sale, but with proceeds of zero. For the date of sale, use the date you became aware that the stock was worthless.

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I own shares in a company that went bankrupt in 2020 and canceled its equity. I haven't sold the shares, but they are worthless. May I report the loss on my 2020 return?

I own shares in a company that went bankrupt in 2020 and canceled its equity. I haven't sold the shares, but they are worthless. May I report the loss on my 2020 return?

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I own shares in a company that went bankrupt in 2020 and canceled its equity. I haven't sold the shares, but they are worthless. May I report the loss on my 2020 return?

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I own shares in a company that went bankrupt in 2020 and canceled its equity. I haven't sold the shares, but they are worthless. May I report the loss on my 2020 return?

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