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Sunday, April 16, 2023 1:34:49 AM
I was doing my 2022 tax return and in my 1099-B form from TD Ameritrade, there is an entry for PACO
PACO INTEGRATED ENERGY INC COM / CUSIP: 69523R103 / Symbol: PACO
09/23/22 6,112.000
But there is no basis or dates...only that i had 6 million shares of PACO shares that are now worthless. I believe these shares hit my account back in early 2009.
I don't think i can take a deduction for these worthless shares although it would be nice as PACO was trading at $1.20 in early 2009 however i don't think no one was able to sell as the 6,112, 000 shares were restricted, and the restriction was never lifted.
I still have 10 million shares of DVFI (parent co of PACO).
PACO INTEGRATED ENERGY INC COM / CUSIP: 69523R103 / Symbol: PACO
09/23/22 6,112.000
But there is no basis or dates...only that i had 6 million shares of PACO shares that are now worthless. I believe these shares hit my account back in early 2009.
I don't think i can take a deduction for these worthless shares although it would be nice as PACO was trading at $1.20 in early 2009 however i don't think no one was able to sell as the 6,112, 000 shares were restricted, and the restriction was never lifted.
I still have 10 million shares of DVFI (parent co of PACO).
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