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Author Topic: How do u dispose of gray sheet stock for tax breaks?
rhadagast
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I bought about $7000 worth of CKYS and its worth $100 now. I can't sell it because its trading on gray sheets and liquidity has almost completely dried up? Anyone know how i can get rid of this stock for a realized capital loss so i can right it off on my 1040? Any comments/suggestions are appreciated.
Posts: 30 | From: Tennessee | Registered: Feb 2007  |  IP: Logged | Report this post to a Moderator
T e x
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Get with your broker re "worthless stock"

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Nashoba Holba Chepulechi
Adventures in microcapitalism...

Posts: 21062 | From: Fort Worth | Registered: Apr 2005  |  IP: Logged | Report this post to a Moderator
PCola77
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And you do know it's too late to do for the taxes you're doing now, right?
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006  |  IP: Logged | Report this post to a Moderator
   

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