Titan Medical Inc (TMDIF)

[DRG1025]

It would be a huge difference if the market value at the end of 2016 is significantly higher than what it was at the end of 2015. That is the value they use as the price in which the shares were "sold".

So for example (if I'm understanding right), if your average share price is $1.50 and the PPS was .60 at the end of 2015. You would simply show a "zero" net gain or loss and owe nothing. But if you waited and filed for the 2016 tax year and the PPS had appreciated to $3.50/share at year end. Then you would pay taxes on the "gain". That's my understanding of it at least. Not saying I'm right.