Mr Cooper Group Inc (COOP)

[clawmann]

Thanks for the explanation, David. But please read this:

http://wiki.fool.com/How_Is_a_Gain_From_Exercising_a_Warrant_Similar_to_the_Gain_Exercising_a_Call_Option%3F

The IRS does not consider the exercise of a stock option or stock warrant as a taxable event. However, exercise means the acquisition of stock for calculating the eventual capital gain or loss on the stock when you sell it. The cost basis is the price you paid for the stock, with transaction fees added.