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

rsub
Quicken Mac Subscription Member ✭✭
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.
0
Best Answer
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Sell for $0. That's how you report it on your tax return.
I'm staying on Quicken 2013 Premier for Windows.
2
Answers
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Sell for $0. That's how you report it on your tax return.
I'm staying on Quicken 2013 Premier for Windows.
2 -
Thanks volvogirl.0
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