to determine wether or not you can claim a loss on these against your other ordinary income....
Most importantly you must actually sell your shares at a loss to be able to do this.
If by chance CNP goes under (which personally I believe it will not) you cannot claim a loss until the liquidators declare them worthless which could be years off, this is beacuse you havent made a actual loss as you still hold the stock, only a paper loss.
Best to sell to crystallise your loss if you qualify after referring to the above link and then buy back in (although not straight away!!!) if you want to still hold CNP.
This at least confirms you actually made a loss....
--------------------------------------------------------- General educational commentary only and NOT to be taken as tax advice.....unless of course you become a client!..... now where did i leave my abacus?
CNP Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
