New tax law Washes are mandatory reporting to IRS by brokers - tmsocha
Sorry! But there is no mandatory write-downs for revoked stocks/positions for retail shareholders. Nothing is reported to the IRS regarding gains or losses for retail traders until they buy, sell, or write down an asset as worthless. Again, claiming that shareholders must write down a stock once revoked is not accurate.
Shorty would love for retail investors to be naive regarding the tax laws and IRS requirements. Shorty would also love for every retail customer to write down their assets so Shorty could reduce his risk and pocket 100% or the losses a naive retail trader is convinced he must write down.
Again, there is no mandatory write-down for FFGO shares as a result of the registration being revoked!
Good Luck!
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