Worthless stock deduction statute of limitations
Section 6511. Limitations on credit or refund; 26 U.S. Code § 6511 Seven-year period of limitation with respect to bad debts and worthless securities If the claim for credit or refund relates to an carryback, work incentive program credit carryback, new employee credit carryback, research credit carryback, and employee stock ownership Tax Return Disclosures That Aren't IRS Audit Triggers an ordinary loss rather than a capital one when some stock became worthless. There are almost infinite circumstances in which disclosure