Stock Loss
Post# of 36536
(Total Views: 320)
Posted On: 09/18/2024 9:39:23 PM
I was checking with Vanguard Brokerage re the GNBTQ stock etc..and wanted to remove from my account as apparently they are worthless. The form I was given was this:
"There are no proceeds when securities are abandoned, so this request will NOT generate any tax forms for you. For information on the tax consequences of abandoning securities, please consult a qualified tax professional.
Once we process this form, you'll no longer be able to access cost basis information online at vanguard.com for the securities you're abandoning. Please make a record of your cost basis information and any other documentation before you return this form to us."
So, apparently, I cannot sell as worthless and cannot claim my $19,000+ loss!!! Anybody else run into this non claim of loss?? thanks
"There are no proceeds when securities are abandoned, so this request will NOT generate any tax forms for you. For information on the tax consequences of abandoning securities, please consult a qualified tax professional.
Once we process this form, you'll no longer be able to access cost basis information online at vanguard.com for the securities you're abandoning. Please make a record of your cost basis information and any other documentation before you return this form to us."
So, apparently, I cannot sell as worthless and cannot claim my $19,000+ loss!!! Anybody else run into this non claim of loss?? thanks
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