Stock/equity in Company (X) which was Acquired by a publicly traded company (Company Y) which happened on March 1, 2021.
Legal Document from company Y says I purchased the stock on March 1, 2021--word purchased in the agreement.
I assume it was Like-Kinded Exchange.
Subject to 1 Year Holding Period------The Value of the Stock (March 1, 2021) on Purchase Date March 1 was $20 a share.
I held the stock for the required year and I sell the Stock on March 15, 2022 and I sell the stock for $5 a share,
Am I eligible to take a $15 per share capital loss?
Not employee of the company but held equity as a founder
