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I am the unfortunate holder of stock in a company which filed for bankruptcy a couple of years ago.

Unfortunately, bankruptcy usually spells bad news for shareholders. Here are some good explanations about what happens when a company goes bankrupt:

There can be a silver lining because you can offset the loss against other gains. Here are several links you may find useful. The first link is to TMF's Tax Center. The other links are specific articles available at the Tax Center.

David Jacobs
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