• The TUGBBS forums are completely free and open to the public and exist as the absolute best place for owners to get help and advice about their timeshares for more than 30 years!

    Join Tens of Thousands of other Owners just like you here to get any and all Timeshare questions answered 24 hours a day!
  • TUG started 30 years ago in October 1993 as a group of regular Timeshare owners just like you!

    Read about our 30th anniversary: Happy 30th Birthday TUG!
  • TUG has a YouTube Channel to produce weekly short informative videos on popular Timeshare topics!

    Free memberships for every 50 subscribers!

    Visit TUG on Youtube!
  • TUG has now saved timeshare owners more than $21,000,000 dollars just by finding us in time to rescind a new Timeshare purchase! A truly incredible milestone!

    Read more here: TUG saves owners more than $21 Million dollars
  • Sign up to get the TUG Newsletter for free!

    60,000+ subscribing owners! A weekly recap of the best Timeshare resort reviews and the most popular topics discussed by owners!
  • Our official "end my sales presentation early" T-shirts are available again! Also come with the option for a free membership extension with purchase to offset the cost!

    All T-shirt options here!
  • A few of the most common links here on the forums for newbies and guests!

Video City stock

Patri

Tug Review Crew
TUG Member
Joined
Jun 6, 2005
Messages
6,837
Reaction score
4,206
OK, I went through my dad's effects. Found a certificate for shares in Video City, Inc. It was based out of Bakersfield CA. Dated 2002.
Pretty sure the company has folded or been bought out. I can't find any info on it. Thoughts before I toss the paperwork?
 

SmithOp

TUG Review Crew
TUG Member
Joined
Jun 17, 2010
Messages
7,798
Reaction score
3,631
Location
Huntington Beach, CA
Resorts Owned
HGVC King's Land 2BR Premier 23.040K Points.
Do you know the cost basis? (how much he paid). It might be worth taking the capital loss on his final tax return if he has any tax liability.

"Death of taxpayer. Capital losses cannot be carried over after a taxpayer's death. They are deductible only on the final income tax return filed on the decedent's behalf. "

https://www.irs.gov/publications/p544/ch04.html


Sent from my iPad Mini 4 using Tapatalk
 
Top