re: AMC, the stock of the retail investor, possibly involved with insider trading in Hycroft

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That is the IRS's definition.

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And every other person who has a basic understanding of what cost basis means.

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Cost - an expense

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Sure.

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Basis - the justification for or reasoning behind something

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You picked the wrong definition of basis. The proper definition would be the “foundation” or “something which something else is based or established.”

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The IRS gives you 1 meaning for 2 words combined and you're stuck on that.

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No. Those two words combined have a logical meaning, that is used both formally and colloquially. You can’t just take a random definition of one of the words, that is not even logical, creating a new meaning for the terms that is inconsistent with the logical formal and colloquial meanings, and pretend that your new meaning is just as valid as the meaning everyone else is using.

This is just weird.