Ask Tip Sheet

When will I be able to write off my Enron shares and declare a capital loss on my income-tax return? -Stephen Riley, Willowbrook, Ill.

You can book your loss right now. All you have to do is sell the shares, says accountant Aaron Eidelman, a managing director of American Express Tax and Business Services. Enron may be bankrupt, but somebody still wants the stock (to wallpaper the bathroom, perhaps?). It trades on the "pink sheets," where brokers list offers to buy and sell unlisted companies (ticker symbol: ENRNQ.PK). Prices last week hovered around 14 cents a share. So pick up the pennies and nail that tax loss while you can.