You can refile your 2002 taxes, claiming the loss. It can offset up to $3000 of last year's income (assuming in 2002 you did not claim other losses). Since you only lost $2000 you can claim it all for the year in which the security became worthless, 2002. If the stock was declared worthless in 2002, the exact date isn't important although your broker can probably give you a date to put. Refiling last years taxes is not that difficult--you just amend the tax using I think it is 1040X, which asks for the item that differs, and pertinent figures from the 2002 1040. Not hard. Best wishes, Chris
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