Alpine 4 Holdings Inc (ALPP)

[alppshareholder2019]

Hi all, hope everyone is having a good morning. I am looking for insight regarding my Class C share conversion that was successfully processed recently. I thank you in advance if you're able to shed some light.

As anyone that's been following these shares knows, we've been holding since Sept 2019. I've been told by my broker a few times that when the shares are converted from Class C to Class A, the tax lot would reflect the class C share holding time. In other words, the shares would be considered a long hold. Well, the Class A shares now in my account are appearing as a tax lot as of this year, implying that they're in a short-term position. This of course changes taxation if sold. Does anyone have experience with this?

Thanks again for your feedback.