Washington Mutual

[falmouth3 Senior Member Find all posts View Profile Close falmouth3]

I've started helping my mother with her financial stuff since she's having difficulty with these types of things now. She had some stock in WaMu. I am assuming that it's a complete loss and that she'll be taking a loss on her income tax return this year. Is that correct?

Sue

[basham Senior Member Find all posts View Profile Close basham]

Don't know for sure but given the circumstances I would take that position also.

[starlifter Senior Member Find all posts View Profile Close starlifter]

Washington Mutual (WM) now trades as Washington Mutual Inc. (WAMUQ.PK).
Its last trade today was 0.0280 per share. Unless you sell it, nothing can be written off as a loss.

[falmouth3 Senior Member Find all posts View Profile Close falmouth3]

Thanks. That is the information I needed.

Sue