PAO Group Inc (PAOG)

[ib12u]

ADCS No bid, Cant Sell, no “Realized” losses

Hello there, I’m mildly surprised I wasn’t given better benefit of doubts.

However, I respectfully “Realize” the assumption given was within one’s own knowledge in these matters.

Wherefore, If I knew enough to understand, mention and/or at least state the options of “claiming Capital Losses on tax returns”, then I must also know the difference of claim qualifiers regarding “Realized losses” and ‘Unrealized Losses” and applicable roles played in whether one could claim losses or not.

(For the Newbies)

Unrealized Losses:
When you own a stock that has dropped in value since purchase, but haven’t yet sold at those lower values.

Realized Losses:
When you own a stock that has dropped in value since purchase and you’ve sold at that those lower values.

Depending on the laws and rules of trading with one’s broker, one may likely always be able to sell their shares whether or not they can sell them on the market, due to no BIDS.

The alternative method of obtaining a “Realized” loss, if not able to sell on the market, would be to simply contact your broker and make a claim regarding loss status of a stock in question.

Most brokers can buy that stock, “From the claimant”, One Lump Sum, for about a penny.

Claimants will be charged a brokerage fee for this transaction and thus removing the stock from their portfolio. The process takes about 2-10 days depending on broker.

Claimants will see the records of that exchange on their next 1099 form for their tax records.

So now that I’ve just identified by knowledge base in these matters, hopefully, many will respect ME for what they’ve just learned from “ME” after reading this –LOL!

LOL (let me stop) LOL!

Actually, this proves that ALL stocks CAN likely be SOLD to incur a “Realized Loss” and then filed on one’s following tax returns.

And I repeat, if Uncle Same (and the gang) played their cards right, they’ll spank these companies to not allow this to happen, to avoid having to deduct from the very taxes they’d otherwise be OWED from tax filers.. Duh!?!?.

But hey,, I don’t right the rules of the Federal Reserves.