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| I am wondering if you could sell this to a Malaysian. Not sure how that helps you--perhaps a large brokerage firm like Merrill Lynch has offices in Malaysia. Alternatively, I was wondering if a large university might be able to do something with it. Give it to them as a charitable deduction. Charles Markham, EA << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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| A rather interesting conundrum. I hold ADR for a Malaysian company. When the govt. of the country instituted controls on the repatriation of money back to the US, the ADR listing was pulled and it can't be traded. However, I still get dividends twice a year (and withheld foreign taxes and the ADR fee which essentially breaks me even). I can't sell it, but I don't think I call it worthless since the company itself is still a going concern and I do get the dividend. So, anything I can do or I am stuck with it for the foreseeable. I have a couple thousand cap loss that I would like to take. -- Army Liason to the Office of Naval Contemplation << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| adr, worthless |
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