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If stocks are delisted and brokerage account doesn't hold that delisted stock, How can I claim capital loss for that?
posted
April 2, 20246:38 PM
last updatedApril 02, 20246:38 PM
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Delisted stock - how to claim capital loss?
Technically the IRS requires that a stock be totally worthless before you are entitled to a deduction. Some delisted stocks still trade in other markets which means they're not totally worthless as the iRs requires.
Markets where the stock may still trade
Marketplaces: OTC Markets Group operates three regulated main marketplaces for trading OTC stocks:
- OTCQX: The highest tier with stringent financial standards and regulatory oversight.
- OTCQB: A middle tier with less strict requirements.
- Pink Market: The most speculative and loosely regulated tier for trading OTC stock
April 2, 20247:40 PM
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Delisted stock - how to claim capital loss?
Thank you for your reply.
Currently, I don't hold delisted stock because delisted stock was removed in my brokerage accountalready. So I cannot sell it even at $0. I would like to sell it at $0 if I can.
In this case, how can I claim total loss for that?
April 2, 20249:14 PM
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