2886482
Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Find CRA error Netfile information >> HERE!

Can I claim losses on delisted stock (the value is $0)?

I bought the stocks in 2021, didn't sell them and now the company is inactive.
1 Reply

Can I claim losses on delisted stock (the value is $0)?

To claim this loss, even though you are not able to sell the shares, you must record a disposition of the stock for $0 and an immediate re-possession at $0 according to Section 50(1) of the income tax act. You must also mail the CRA a signed letter stating that you would like Section 50(1) of the Income Tax Act to apply to this transaction. 

Thank you for choosing TurboTax. 

 

Unlock tailored help options in your account.