TaxMamas TaxQuips: Tax Quips

TaxMamas TaxQuips: Tax Quips


Roth Basis of Worthless Stock

October 15, 2009

Today TaxMama hears from Gary in Oregon who wants to know. “I have asked 2-3 tax professionals the same question with different answers. So mama help me! I have 2 IRA’s. In one IRA I bought a stock 4 years ago that is now worthless. I do believe that