Sometimes a stock you hold becomes worthless or is delisted from the exchange. When this happens, you’ll need to close out the holding in Navexa so that your performance data and tax reporting reflect the loss.
Best Practice: Use A Cancellation Trade
When a company delists, goes bankrupt, or your broker removes it from your account, the correct way to close out the holding in Navexa is with a Cancellation trade.
What A Cancellation Trade Does
Reduces your units to zero.
Records a realised capital loss equal to your cost base.
Keeps your performance and tax reporting accurate.
How To Add A Cancellation Trade
Open the holding in your Navexa portfolio.
Go to the Trades tab.
Click Add Trade / Adjustment.
Select Cancellation.
Enter:
Date: Use the effective date of the delisting/removal.
Units: Enter the full number of shares you held (e.g. 30).
Price: $0 (since the stock is worthless).
Save.
Your holding will now show as closed, and the full loss will appear in your reports.
What About A Sell Trade At $0?
You can also record a Sell trade at $0 for the same effect — it will close the holding and realise the full loss. However, this is less accurate if no actual market sale took place.
👉 For delisted or worthless stocks, we recommend using a Cancellation trade.
Example
You held 30 shares in IGMS. The stock is removed from your broker account after delisting.
Add a Cancellation trade for 30 units at $0.
Navexa will close the holding and record the loss automatically.
Tip: If you’re unsure which trade type to use for a specific event, you can always contact support with the broker’s notice or company announcement.