I still hold 11040 Washington Mutual Stock. My average price was 1.99. What should I do with them now? Thnx?
Washinton Mutual Common Stock Holders
- Anonymous1 decade agoFavorite Answer
See if your stock broker will do a courtesy buy from you so that you get a 1099-B for the sale. Then you can recognize the loss on your tax return... if you lost $20,000 and have no other gains, you will get to reduce other income by $3000 and carry the remaining loss forward.
- 1 decade ago
Unfortunately they may be worthless soon if not already. Washington Mutual has been bought by another bank (sorry I can't remember which one!!) Usually when that is done the common stock of the acquired company is not honored by the acquiring company.