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Re: farml1234 post# 32132

Friday, 08/12/2022 10:41:46 PM

Friday, August 12, 2022 10:41:46 PM

Post# of 33064
I spoke to my tax accountant, and talked to TDAmeritrade about what if my stock goes under and becomes worthless, would I still be able To write off my restricted shares I purchased, they said no, you can only consider them on your taxes once you have them deposited into your account, so basically the fact is is this.
If josh does not get DWAC and we cannot deposit our shares, we are totally screwed, all that money we spent buying the restricted shares will sit there forever, without being able to write off on taxes, and if we can deposit them into our account at some time, than and only than will they apply to our taxes.

I got to admit guys, me and my wife at the times we decided to invest in shares, we feel pretty horrible nowadays about owning our 60 million restricted shares, we feel like it’s possible we lost all our money, it’s a very very bad feeling considering me and my wife both put confidence and faith in Ptop and josh and now we have 25,000-30,000 dollars worth of restricted shares that we will never be able to write off on our taxes and the only way they will be able to apply to our taxes is if we get them deposited into our account, meaning pretty much I have 25,000-30,000 dollars of useless money now riding on whether josh gets DWAC and where I can deposit my shares.
Me and my wife feel like we’ve got royally screwed, sorry but it’s a BAD feeling these days.

All posts are simply my opinion. They are not a recommendation to either buy or sell any security. Please feel free to Private Message me anytime. Thanks.