If I buy 100 shares of XXX at $10/share, sell 50 shares at $20 and then lose the other 50 shares due to bankruptcy. Tell me how the cost to me is not zero. Please, give me your best equation and explain it to me otherwise. I will run circles around you in the world of math and technical numbers. Your tax dollars paid for my education. Maybe you should request your tax dollars back if you think I'm wrong.

If you don't know what it is, then STFU.

This post was edited on 3/16/22 at 3:10 pm

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Posted by Chucktown_Badger

The banks of the Ashley River

Member since May 2013

31337 posts

Posted on 3/16/22 at 4:04 pm to Buck_Rogers

quote:
If I buy 100 shares of XXX at $10/share,

Then your cost basis is $10/share. What you sell them for is irrelevant.

quote:
KEY TAKEAWAYS
Cost basis is the original value or purchase price of an asset or investment for tax purposes.

quote:
Your tax dollars paid for my education.

quote:
If you don't know what it is, then STFU.

What in the actual frick does any of that have to do with anything? My tax dollars pay for every public school kid that comes out of our schools and most of them are morons too

I don't know what that is, nor do I care. But I will assume it's not all that prestigious given how you present yourself (intellectually and otherwise) on this board.

This post was edited on 3/16/22 at 4:07 pm

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Posted by MusclesofBrussels

Member since Dec 2015

4547 posts

Posted on 3/16/22 at 7:25 pm to Buck_Rogers

quote:
I will run circles around you in the world of math and technical numbers. Your tax dollars paid for my education. Maybe you should request your tax dollars back if you think I'm wrong.

If you don't know what it is, then STFU.

lol. k.

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