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Sunday, October 31, 2021 11:34:44 PM
10,000,000 shares x $0.000001 = $10.00
100,000,000 shares x $0.000001 = $100.00
A person can claim a tax deduction for the difference between the purchase price and the sale price (which would likely be $0.000001/share) if they placed a new sell order everyday which was successfully executed someday... and maybe not by the end of the tax year.
A person can also claim 100% of the purchase price as a tax deduction RIGHT NOW if they just declare their stock position to be worthless to their broker so it is removed by the broker from the shareholder's portfolio. This choice has the added perk of keeping the shares out of the hands of people trading on the Expert Market.
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