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Yes, if you sold the stock for less than your basis or if there was an event that caused your stock to become worthless during the year. Note that this does not apply if the stock was in a tax-sheltered account such as an IRA or a 401k.
If a bank went out of business causing the stock to become worthless, you can claim it as a loss. If the value of the stock went from $200 a share to $.02 a share, it is not yet worthless -- no deduction until you sell it.
What else can I help you with?
When you buy a stock, who ultimately receives the money?
When you buy a stock, the money ultimately goes to the seller of the stock, which could be an individual investor, a company, or a financial institution.
What are the main nondeposit financial institutions?
One type of financial institution that is nondeposit is insurance companies. Another example is the stock market which facilitates the movement of money.
Which financial institution allows companies to raise money by selling shares of their company to others?
The stock market allows companies to raise money by selling shares of their company to others.
Where can one get WFC stock quotes?
WFC stock quotes can be found can be found online. Or you can discuss stock quotes with a financial advisor at financial institution. Most banks would have this information.
How do you use the word financial institution in a sentence?
Major financial institutions include banks, insurance companies, and stock brokerages.
Which financial institution oiriginated from a money dealers bench or table?
the stock market
When you buy a stock, who ultimately receives the money?
When you buy a stock, the money ultimately goes to the seller of the stock, which could be an individual investor, a company, or a financial institution.
What are the main nondeposit financial institutions?
One type of financial institution that is nondeposit is insurance companies. Another example is the stock market which facilitates the movement of money.
Which financial institution allows companies to raise money by selling shares of their company to others?
The stock market allows companies to raise money by selling shares of their company to others.
Where can one get WFC stock quotes?
WFC stock quotes can be found can be found online. Or you can discuss stock quotes with a financial advisor at financial institution. Most banks would have this information.
How do you use the word financial institution in a sentence?
Major financial institutions include banks, insurance companies, and stock brokerages.
What type of risks do financial institution face?
There are three major risks that financial institutions face - fluctuations in interest rates, stock prices and foriegn exchange rates.
Do you have to claim stock?
No. You buy stock or options. You do not claim them
Where can one find more information about stock market courses?
To find courses on stock markets, check out the local community college in the area, as they may offer courses. Or speak to a financial adviser at financial institution about courses they may know of.
What is the difference between financial instrument and financial markets?
A financial market is where all the stock trading takes place and investments in stocks, shares and IPOs takes place while a financial institute can be a bank, a brokerage house or a currency exchange office.
How can I purchase a stock certificate?
To purchase a stock certificate, you need to open a brokerage account with a financial institution, research and select the stock you want to buy, place an order through your brokerage account, and then pay for the stock. The stock certificate will be issued in your name and stored electronically in your brokerage account.
What would happen to the US standard of living if people lost faith in the safety of your financial institution?
it will affect their stock exchange market,devaluation of currency,
