Replies to post #352938 on Mr Cooper Group Inc (COOP)

[Civil War General]

I am not a CPA. Talk to a CPA NEW EDIT
I just understand NOL because I have some to writ off against my capital gains here and my other capital gain income. You can only carry forward $3000 to write Capital loss (NOL) against ordinary income (non-capital gains like wages, salary, etc).

But if each of us merge with WAMnewCO (newWAMco? newWAMU?) ah ha then we each get to write off all our capital gains for the rest of our lives, including any gains with our newWAMU stock when we sell some of it.

LOL

[rainbow1111]

Your new shares will have the same holding period and tax basis as your previous shares. No taxable gain until you sell your new shares.