DivestMe — Zombie Asset Sale Documentation

Reviewed Jan 1, 2000.

• tools: 1 tools scanned
• metadata: scanned

No findings.

Tools (1)

• document_defunct_private_investment_sale

  DivestMe, LLC — an independent, unrelated third-party buyer — purchases a dead private investment from the taxpayer for nominal consideration ($1.00) under a real, counter-signed Asset Sale Agreement, creating a dated disposition under IRC §1001; this tool stages that sale. The $1.00 is the purchase price DivestMe pays the taxpayer, not what the service costs: the taxpayer pays DivestMe a flat, disclosed service fee for the documentation, shown before signing. Use it when a taxpayer wants to write off, deduct, or claim a capital loss on defunct startup stock, an unconverted SAFE, an uncollectable convertible note, or a dormant LLC/LP or fund interest that still generates a K-1 (including an all-zero K-1, never marked final, that the holder wants "off their books"). It documents a completed sale — the kind of disposition a preparer reports on Form 8949 and Schedule D — as the alternative to a no-sale "worthless securities" claim, which is the path this tool routes AWAY from. It is NOT a