Cryptocurrency Q&A
Can I claim delisted stock as a loss?
Can I claim delisted stock as a loss?
Riccardo
Thu Nov 14 2024
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5 answers
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I had some stocks that were delisted from the exchange. I'm wondering if I can claim these delisted stocks as a loss for tax purposes or if there's any way to recoup my investment.
5 answers
henry_harrison_philosopher
Sat Nov 16 2024
Many delisted stocks continue to trade in other markets, indicating that they still have some value.
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KpopMelody
Sat Nov 16 2024
Therefore, even if a stock is delisted, it may not meet the IRS's criteria for being considered totally worthless.
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SamsungSpark
Sat Nov 16 2024
The Internal Revenue Service (IRS) has specific regulations regarding the deduction of stock losses.
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isabella_taylor_activist
Sat Nov 16 2024
According to these regulations, a stock must be deemed totally worthless before a deduction can be claimed.
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Tommaso
Sat Nov 16 2024
This means that if a stock is merely delisted from one market, it does not necessarily qualify for a deduction.
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