Discussion:WAMU deemed worthless in 2008?
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Discussion Forum Index --> Basic Tax Questions --> WAMU deemed worthless in 2008?
Discussion Forum Index --> Tax Questions --> WAMU deemed worthless in 2008?
| 2 October 2009 | |
| Anyone taking a worthless security deduction for owners of Washington Mutual stock in 2008?
I read somewhere where you can still get a few cents for your shares . . . | |
Wonder Woman USA (talk|edits) said: | 2 October 2009 |
| If you can still get something for the shares, it's not worthless. Have your client tell her broker to sell it for $1, then she can take the loss. | |
| 2 October 2009 | |
| My client checked with the broker and was told to wait and deduct for 2009. 2008 still had some value and can't deduct partial loss. | |
Harry Boscoe (talk|edits) said: | 3 October 2009 |
| My bartender said he would have written it off in 2007. He didn't say why. | |
| 3 October 2009 | |
| I would never take a bartender's advice. Everyone knows that mechanics are the real tax experts.
taxbilly | |
| 5 October 2009 | |
| Wasn't WaMu taken over by Chase? Was the stock exchanged? I'd check out the investment with Chase before it's written off as worthless. | |
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