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Re: chestypuller post# 92921

Thursday, 03/23/2023 8:31:36 PM

Thursday, March 23, 2023 8:31:36 PM

Post# of 115260
I also was notified of a wash sale. I called Fidelity today and asked about it. They said the fractional NIOBF shares that didn't convert to a whole NB share were refunded ($) to my account. In other words, when the reverse split occurred, #NIOBF was divided by 10 to #NB, if there was a remainder 1-9 NIOBF shares those were sold and $ proceeds returned to my account.

I added money to my account and purchased more NB shares. The overall new NB share purchase included some of the money added to my account from the sale of fractional shares. Spending the few dollars that were refunded for 1-9 NIOBF shares on NB within 30 days triggered the wash sale.

So I think if I had purchased 1 less NB share I could have prevented it. That last NB share I bought used some of the refunded money in the 30 day window.
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