InvestorsHub Logo
Followers 1
Posts 686
Boards Moderated 0
Alias Born 03/09/2017

Re: hourly post# 453

Monday, 05/20/2019 12:15:38 PM

Monday, May 20, 2019 12:15:38 PM

Post# of 489
It seems like the price of .000001 is too low to make any sense in an actual market situation. A possibility is that when people have shares in a stock whose value is less than the cost of a commission the broker takes them off their hands for essentially $0 and forgoes the commission. This is something I have done in the past. By assigning a non-zero value the trade then shows up in the 1099, helping people not to forget to take the tax loss.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.