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Author Topic:   Write off a worthless asset?
FN_User
Member 		posted 01-06-2006 10:12 AM     Click Here to See the Profile for FN_User     Edit/Delete Message
How do I write off a worthless asset?

[This message has been edited by FN_User (edited 01-06-2006).]

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fni_support
Moderator 		posted 01-06-2006 10:14 AM     Click Here to See the Profile for fni_support     Edit/Delete Message
Simply sell the investment for $0. A Capital Loss will show up on Schedule D and the asset will no longer show in investment reports.

- David
FNI Support

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