Which is a total loss of 99.99% for those invested in Chesapeake for last 5 years
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After you sold your stock for a loss, you'd use a Schedule D and "Capital Loss Carryover Worksheet" on your taxes to write off up to $3,000 per year. You can keep writing it off until the loss is gone which may take years.
3,000 per year. Ha!
So how do we write that off on taxes?