Worthless Stock Losses: An Overview
Learning objectives
After completing this course, the learner should be able to:
- Define the basic U.S. federal income tax rules for deducting losses
- Apply the rules to determine what constitutes a worthless security
- Recognize the requirements for claiming an ordinary deduction under IRC Section 165
- Recognize additional considerations that could arise in the context of worthless stock losses
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Becker Professional Education Sponsor I.D. Numbers NASBA: 107294, New York: 002087, New Jersey: 20CE00226700, Texas: 009580, Ohio: CPE.186, Illinois 158.002405, Pennsylvania: PX177823