Federal Mogul went bankrupt and issued warrants for their shares. Can I write this off on my taxes?
Coach K asked: I bought 1000 shares of Federal Mogul several years ago. They just emerged from bankruptcy in December 2007 and told us that the stock is under a new name and that they were issuing warants for the new stock. Can I write this off as bad debt somehow? I did not sell the stock for a loss, it went bankrupt… Continue reading
Categories: loans Tags: Bankruptcy, Federal Mogul, stock