Mr Cooper Group Inc (COOP)

[iPrelude]

I think that we ( as a company or corporation) had stock in WMBank, and before the abandonment, that stock's value was X.
Then when it becames worthless we abandon it and we have a stock loss of X ( that loss will be ordinary loss not (OL or not) depending on the law and on the IRS) which generates a worthless stock deduction of 0,35X

I think that in our case the worthless stock deduction was 8,37 Billion ( see my previous post) and the amount of stock abandoned was 23,914 Billion, I mean the loss we had abandoning the stock was 23,914 Billion and the deduction ( it generated) was 23,914*0,35 = 8,37 Billion.

I also think that in our case ( according to the law and the IRS) the loss (and also the deduction) we had was ordinary, which is paramount for the potential buyer because can be used to compensate ordinary ( and not specific) gains

Maybe I am wrong, please let me know if that is the case