Ok- I bought about $150 worth of RXPC shortly before the goofy CEO decided to suddenly "shut down" trading for a year. In the end, he ended up issuing/mailing trapped shareholders worthless certificates (and subsequently followed up with a letter begging potential investors to contact him- his sliminess is another story unto itself).
Now here's my question. What if I were to do something like sell it on ebay for a nickel or burn the certificates? Could I then declare a loss?
This is a semi-serious question, because I need to start declaring some losses because I'm doing fairly well otherwise. I need to find ways to ease the ol' tax burden.
Posts: 949 | From: Little Rock, AR | Registered: Dec 2005
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