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Return to Website  > Index  > General Tax Issues  > Original MDTAXES Forum  > Re: Expiring stock options
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Andrew Schwartz CPA
Dec 19, 2005 - 7:58PM
Re: Expiring stock options

In my experience with worthless securities, I have found that the financial institution has been willing to buy my worthless securities for $1 to clear them off my account, and allow me to take a loss. Unfortunately, I've had a few stocks tank in my day.

I would recommend contacting your broker or the customer service department from the financial institution where these options are being held. If they aren't willing to give you a buck for your options, maybe they have another solution for you.

Zip Code: aschwartz@mdtaxes.com

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