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One other point - and I don't mean to sound glib regarding obeying the tax laws. But I'm pretty sure there would be two charges involved, based on past experience with Firstrade. They charge for the acceptance and filing of a stock certificate with them, THEN would charge, as mentioned above, the ten dollars for selling those shares. While yes, Nortel's pink sheet notes linked above are purposely non-committal (#4 and 5) when it comes to tax advice, #1, 2 and 3 are pretty clear in stating that it fully expects that the shares will never be worth anything. I'm just wondering if the IRS really expects that a small investor who has taken a beating on a stock must then shell out more money to a discount broker just to verify that the shares are, in fact, worth a total of 20 cents.
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