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Is OPL a right off now?
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<blockquote data-quote="UPS Lifer" data-source="post: 298830" data-attributes="member: 9789"><p>Based on everything that I have seen - my guess is you will have very little loss to claim. ....maybe you may even show a gain !! </p><p></p><p>I don't recall paying any tax on OPL stock. (??) If you purchased 4 shares of UPS stock you received 1 share of OPL. You can't claim a loss on monies that were not cashed in. </p><p> </p><p>If you didn 't pay for the share how do you claim a loss??? You will need to prove the cost basis of the stock and subtract the cost basis from the sale price to show either a gain or a loss. I am pretty sure it is all gain. </p><p></p><p>Your UPS incentive shows as income and you pay taxes on it.... therefore you can establish a cost basis on each share.</p><p></p><p>go to <a href="http://www.overseaspartners.com" target="_blank">www.overseaspartners.com</a> There is a letter there that shows calculation based on 10,000 shares; you will have $128 of ordinary income to declare ....</p></blockquote><p></p>
[QUOTE="UPS Lifer, post: 298830, member: 9789"] Based on everything that I have seen - my guess is you will have very little loss to claim. ....maybe you may even show a gain !! I don't recall paying any tax on OPL stock. (??) If you purchased 4 shares of UPS stock you received 1 share of OPL. You can't claim a loss on monies that were not cashed in. If you didn 't pay for the share how do you claim a loss??? You will need to prove the cost basis of the stock and subtract the cost basis from the sale price to show either a gain or a loss. I am pretty sure it is all gain. Your UPS incentive shows as income and you pay taxes on it.... therefore you can establish a cost basis on each share. go to [url]www.overseaspartners.com[/url] There is a letter there that shows calculation based on 10,000 shares; you will have $128 of ordinary income to declare .... [/QUOTE]
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Is OPL a right off now?
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