My wife owned a lot of WAMU stock which became worthless in 2008 when they went under. How do we write off the stock on Schedule D since she didn't really sell it?
writing off worthless stock
Nov 28, 2008
2 Replies
What *did* she really do with it?
-Mark Bole
WAMUQ (Washington Mutual Inc) closed at $0.0465 yesterday (Nov 27th). Therefore it is not worthless. Therefore the only way to recognize the loss is to really sell the stock to an unrelated party.
Join the Discussion
Have something to add? Share your thoughts — no account required.
Didn't find your answer?
Ask the community — no account required