InvestorsHub Logo

ib12u

01/03/16 11:18 AM

#32355 RE: varmit #32354

'varmit'? upon your request, Broker will uses the "Worthless Shares" Clause to trading your shares!

They'll trade (buy) your position for one penny!

thereby, you've "traded" (sold) your block of shares!

The "penny" that you were "paid" in exchange, is to be subtracted from the opening value of this position and the results is what you'd then claim on your taxes!

oh yeah, '+' commissions! '+' whatever other fees you'll likely be charged for processing the "worthless Share clause!"

millions of players forget to "ADD" these fees to their "Tax Loss Claims", leaving tens of millions of unclaimed tax dollars to forever linger in limbo!

The Tax-loss-claim will offset taxes owed and thereby increases your over tax refund!