ThomasM125
Expert Alumni

Investors & landlords

That can happen when there is a merger where you exchange stock of one  company for that of another. In that situation you may have a paper loss but it is not teated as an actual sale of securities, so the loss is not allowable. It is an unrealized loss so to speak.

 

But it doesn't sound like that is what happend to you, so you can ask the broker about it. The form 1099-B may be incorrect.

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