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My Webvan (symbol: wbvn) investment is a total loss, but I still own the stock. It went belly up in 2001. It's listed on my statement from my broker at .001/share. Can I deduct this loss in 2001 (fed return), or is there some other transaction that I must first complete, in order to get it off my books?
If I can deduct it, how? What form? Obviously, it's not a sale.
TIA
If I can deduct it, how? What form? Obviously, it's not a sale.
TIA