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AKFish

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AKFish

Re: OntarioDude post# 221384

Friday, 07/16/2021 7:05:15 AM

Friday, July 16, 2021 7:05:15 AM

Post# of 221875
Writing off the shares as a loss has nothing to do with removal from your account. Should. FFGO and their shares have “back to life” moment your cost basis changes.

Say you wrote the loss off @ .0001 and FFGO comes back as FFGO or ABCD with a starting price of .0022, your cost basis starts at .0022.

Talk to your tax person. If they were taken/removed from your account and new shares are put in your account the same should apply.

Double check this but I believe this to be correct.
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