Slojab
2 months ago
Let's see now, since that date, they did a 1:70000 reverse split and they stopped reporting to OTC Markets and therefore were dropped to the Expert Market.
You can't find anywhere that Fizzique is sold so there's a question as to whether they're even still doing business. But you think that the sp as of a date 5 years ago "could possibly be the catalyst for a turnaround in this stocks performance"
db, with the utmost sincerity, I don't think you should be trading the OTC.
And not to be picky, but the sp was higher in early 2018 than it was in 6/17. So, I guess if nothing happens to the stock, you can always hope for a move 6 months from now, eh?
Slojab
6 months ago
Will your broker dump your shares out of your account? That's what all those $.000001 trades are.
This was pulled from the IRS website.
Question
I own stock that became worthless last year. Is this a bad debt? How do I report my loss?
Answer
If you own securities, including stocks, and they become totally worthless, you have a capital loss but not a deduction for bad debt. Worthless securities also include securities that you abandon. To abandon a security, you must permanently surrender and relinquish all rights in the security and receive no consideration in exchange for it.
Treat worthless securities as though they were capital assets sold or exchanged on the last day of the tax year.
You must determine the holding period to determine if the capital loss is short term (one year or less) or long term (more than one year).
Report worthless securities on Part I or Part II of Form 8949, and use the appropriate code (see the Instructions for Form 8949) for worthless security deduction in the applicable column of Form 8949.