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Old 03-03-09, 09:20 AM
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I need info on a stock gone bad

I had a 4 shares in Take Out Music.com and it went belly up years ago and I never wrote it off on my taxes and I need to do so, what I need to find out is what I need to do that and if anyone has any info on that stock and when it went out? Thank You
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Old 03-04-09, 12:56 PM
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When did you sell the shares exactly?

If the company went under say say 5 years ago then I believe you would have needed to write off the losses that year. I dont think you can write off losses from x years ago unless it was a carryover. Not positive though.
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