gypsydan
Returning Member

Retirement tax questions

Hello,  

 

The most likely scenario for why boxes 1 and 2a have a $0.00 amount for the 2024 Tax Year is that these preferred shares were impacted by SEC Rule 15c2-11 which took effect back in Sept 2021 (if memory serves me correctly).  The company chose to no longer provide current info to OTC Markets (I think) and as a result these shares were sent to the Expert Market.  It is likely that there was no trading during the 2024 from which to determine a FMV.   It strikes me as a bit odd that there was enough information in 2023 for someone to determine a FMV.

 

I knew of few other investors (through various investing sites) in this same situation but have been unable to to locate them.

 

So perhaps I need to make contact with my Broker to find a solution??

 

Thanks- Dan