Can i sell my nortel shares

Claiming Capital Loss from a Delisted Stock. Share on Facebook Facebook. Share on Email Email. Share on Twitter Twitter.

Share on Print Print. Even if the company has not officially declared bankruptcy you can still make the election if: The company is insolvent i. Enter Your Name Here Please enter your name. Send My Free eBook! Thanks for subscribing! Please check your email for further instructions. Posted in Tax Minimization. You can read more about him here. Rent a House to my Parents? Connect with. I allow to create an account. When you login first time using a Social Login button, we collect your account public profile information shared by Social Login provider, based on your privacy settings.

We also get your email address to automatically create an account for you in our website. Once your account is created, you'll be logged-in to this account. Disagree Agree. Notify of. Newest Oldest. Inline Feedbacks. Thank you in advance for your direction. I have several of these "get-rich-quick" opportunities that proved to be anything but. They are now worthless but I do not know how to capture the capital loss for tax-reporting purposes.

Exempt-market securities are often higher-risk investments that are sold without a prospectus to accredited investors. Unlike publicly traded shares, they aren't listed on an exchange and are therefore less liquid. However, if the security has become worthless you can still claim a capital loss just as you would with a delisted stock, Mr.

If [the company] is insolvent or bankrupt, you would take the election [under Section 50 1 ] and go from there," he said. Follow John Heinzl on Twitter: johnheinzl Opens in a new window. Report an error. Editorial code of conduct. Skip to main content. John Heinzl. The money from the liquidation soon sparked years of court battles as Nortel businesses in Europe, Canada and the United States fought over the funds. Gross and Newbould jointly oversaw a unique cross-border trial in to decide how to divide the liquidation funds.

The judges ruled in that creditors of every estate should get roughly equal repayment. That sparked appeals and a settlement last year.