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MrMuney

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MrMuney

Re: pfior0276 post# 30688

Friday, 09/21/2018 2:01:01 PM

Friday, September 21, 2018 2:01:01 PM

Post# of 38069
A $500 investment here does not equal a $5,000 write off in US tax laws. Capital losses are calculated on your basis (what you bought it for) and what you sell it for. In the case that the stock is unsellable you then write off your full investment but will need to account for that stock gain if you ever sell it.

Sounds like you need some help here. Absolutely bonkers that you think you just made 5k here. Maybe I just found Arthur's burner account?
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