Post by
duke100 on Jan 28, 2016 6:06pm
Tax loss
Just wondering if I have to take any steps to claim a capital loss on Southern Pacific. Appreciate any thots. Thanx
Comment by
Pandora on Jan 28, 2016 6:31pm
Seems to me you have to get a statement/letter from your broker to the effect that the company is defunct.
Comment by
birdie22 on Jan 28, 2016 9:18pm
I`m just going to claim the loss, CRA can see it is delisted so unable to sell .Change the book value in your brokerage account to $0.00 ( at April 30 or when you file ) and if for some reason it is resurrected and you sell you will have to claim the gain from $0.00 cost. But I think it is done.
Comment by
bambus on Jan 29, 2016 5:24pm
birdie, how can it not be done? There is no other option, I'm claiming a loss as well....
Comment by
birdie22 on Jan 30, 2016 8:39am
I agree and I will change the book value to $0.00 till the bank removes from my account after the Courts sell the final piece.