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If some random person on the internet wants to help me out. If I exercised my options, and the company was purchased later the same year and my common shares we
by seibelj 10y ago
If some random person on the internet wants to help me out. If I exercised my options, and the company was purchased later the same year and my common shares were purchased for $0 (preferred shares took all the money, leaving common with zero), how do I file this loss?
- laxatives 10y agoI'm by no means an expert, but I believe you should ask for a 1099B with proceeds at $0 and cost-basis at either $0 and marked as not reported, or with cost-basis equal to your expense. If the former is the case (not reported), you report the cost-basis yourself.
- seibelj 10y agoThanks for the info!