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Started By
Message
re: AMC, the stock of the retail investor, possibly involved with insider trading in Hycroft
Posted on 3/16/22 at 4:04 pm to Buck_Rogers
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
![](https://images.tigerdroppings.com/Images/Icons/IconLOL.gif)
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
Posted on 3/16/22 at 4:17 pm to Chucktown_Badger
quote:
Cost basis is the original value or purchase price of an asset or investment for tax purposes.
That is the IRS's definition.
Cost - an expense
Basis - the justification for or reasoning behind something
The key word here is basis, hence my cost basis is zero, because the reasoning is to sell X amount to bring it to zero.
The IRS gives you 1 meaning for 2 words combined and you're stuck on that. Quit thinking inside the box and you'd be amazed at what's out there.
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