Worthless shares: make the negligible-value claim while you still own them
A failed investment does not automatically create an allowable tax loss. Establish ownership, valuation and the effective date before the company disappears, then consider whether separate income-tax ... (to read the remainder of this article, please log in below.)
A failed investment does not automatically create an allowable tax loss. Establish ownership, valuation and the effective date before the company disappears, then consider whether separate income-tax ... (to read the remainder of this article, please log in below.)
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