worthless security
A security that has lost its value, for which a loss (usu. capital) is allowed for tax purposes. IRC (26 USCA)§ 165. [Cases: Internal Revenue 3429.]
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A security that has lost its value, for which a loss (usu. capital) is allowed for tax purposes. IRC (26 USCA)§ 165. [Cases: Internal Revenue 3429.]
worthless security Read More »