| Title: | Market Investing |
| Moderator: | 2155::michaud |
| Created: | Thu Jan 23 1992 |
| Last Modified: | Thu Jun 05 1997 |
| Last Successful Update: | Fri Jun 06 1997 |
| Number of topics: | 1060 |
| Total number of notes: | 10477 |
I still have some Wang B class stock. I don't know what
to do with it. Can I write it off with IRS? Do I need
any document to prove it is worthless? Where can I get it?
Thanks
Jason
| T.R | Title | User | Personal Name | Date | Lines |
|---|---|---|---|---|---|
| 795.1 | sell for tax loss | MROA::BONVALLAT | Tue Nov 22 1994 19:55 | 8 | |
> I still have some Wang B class stock. I don't know what
> to do with it. Can I write it off with IRS? Do I need
> any document to prove it is worthless? Where can I get it?
Wang B stock never became totally worthless, did it?
Each share of Wang B got converted into a small piece of the new
Wang stock. Call Wang in Lowell and ask for Investor Relations if
you need to know the details.
| |||||
| 795.2 | You can still sell Wang B | SOLVIT::CHEN | Mon Nov 28 1994 12:57 | 9 | |
Wang Class B stocks can still be bought and sold. I am not sure what
the price for it is now. I sold all of mine last year - after they
declared the B shares worthless. It's ALMOST a total loss. But, I got
enough money back to take my wife out for a dinner. :-)
We also got a letter last year from some Wang Class B share holders'
organization. They are (were) in the process of filing a class action
law suit against Wang. But, I never heard from them again. So, I don't
know what's happening now.
| |||||
| 795.3 | LABC::RU | Wed Apr 19 1995 20:51 | 7 | ||
I received letter that Wang's B and C stock was cancelled
and holder of stocks can receive warrants to purchase Wang's
new stock. I wonder what year I can write off the old Wang
stock. Letter said that the stock was canceled under the 1993
reorganization plan. I suppose I can write it off for 1993
tax return.
| |||||