/biz/ - Business & Finance

>>54825644
https://www.bankrate.com/investing/how-to-deduct-stock-losses-from-taxes/
>If you own a stock where the company has declared bankruptcy and the stock has become worthless, you can generally deduct the full amount of your loss on that stock — up to annual IRS limits with the ability to carry excess losses forward to future years.
>The IRS will expect you to have sufficient documentation of your cost basis in the stock to show the amount you lost in this situation. There is no need to actually sell the shares to claim a capital loss.

>There is no need to actually sell the shares to claim a capital loss.
nothing weird about that, company is DEEEAD

>>54335353
additional percent up to $12k is $120
it's literally worse than sign up rewards on some cards, but tards say "oooooh it's a 3% card"