Yes, buybacks will reduce the number of shares, sometimes to zero.. Complete buybacks will reduce the number of shares to zero. You would need to first know why you received this money and if you still own those 40 shares or partially own them.
If this is the case, you would need to report this as a stock sale. This would be capital gains or losses depending on what you paid from them at the time these were issued to you.
Until you know the nature of this sale, i would suggest you request an extension of time to file your return until you can find out the specific details of this transaction and why you were awarded $2.5K.
@shubham-123
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
