What's the best way to write off shares in a bad investment?

rsub
rsub Member ✭✭
in Investing (Mac)
Hello, I'm looking for the best way to write off shares in a bad private investment. The only think I can think of is to "sell" them for $0, which I guess will then show up as a loss. Is there a better way? Using "move shares" to remove the shares doesn't sound like the right thing to do. I have the shares in a made-up "brokerage" account. Thank you.

Best Answer

  • volvogirl
    volvogirl SuperUser ✭✭✭✭✭
    Answer ✓
    Sell for $0.   That's how you report it on your tax return.

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