Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Can I declare a tax loss in 2009 on my pre-bankruptcy Spectrum Brands stock?

April 26, 2017brands declare loss pre-bankruptcy spectrum stock tax

0

Posted

Can I declare a tax loss in 2009 on my pre-bankruptcy Spectrum Brands stock?

1 Answer

0

Posted

You may be able to claim a loss equal to the cost basis of your pre-bankruptcy stock, however, tax implications may differ for each individual. It is strongly recommended that you speak with a tax advisor regarding your own personal situation or contact the Internal Revenue Service for information about how to report securities-related transactions on your income tax return. 12.