Td ameritrade sell worthless stock

I tried to sell the shares, but nothing happened. What can I do? AYou generally need to sell shares to be able to write off the loss.

Can I get rid of this now-worthless stock without paying a commission? : investing

But if the company goes completely out of business and there isn't anything left for shareholders, then you can deduct the loss as a worthless security without selling it. But, as you've discovered, sometimes a company is in limbo -- with the shares still technically trading but nobody buying them.

In that case, your broker may help take the shares off your hands so you can write off the loss. Many brokers have special rules for buying nearly worthless stock from customers. Charles Schwab offers a courtesy sale for people who can't sell their shares. If the client does not have enough cash in the account to cover the cost of the commission, TD Ameritrade will work with him or her to settle the trade.

Clients cannot complete this transaction online and must call TD Ameritrade's toll-free number. Call your brokerage firm to find out the rules and procedures for dealing with nearly worthless stock.

ASK KIM Many Brokers Help Sell Worthless Stock To Secure Write-Off.