Question
Claiming lost money on stocks?
I have lost approx. 3 k in penney stocks. I'm not able to sell the stock as it has no value any longer and scott trade will not let me. Since I took a Loss and the company is out of business can I claim this anyway?
1 month ago - 3 answers
Best Answer
Chosen by Asker
Call the Securities Exchange Commission (SEC) immediately.
by Max M
1 month ago
Asker's Rating: 
Other Answers
You can claim a capital loss on worthless stocks in the year that the stock is declared worthless. The sale date is the last date of that year. See this link for the IRS FAQ on this, as well as other links with procedural guidance: www ...
by Bostonian In MO- 1 month ago
of course, it is a loss the same as any other stock loss
by tro- 1 month ago