Question
Deducting Loss on a Stock after Company Buy Back Exercised
Several years back I bought a stock after which it started declining in price until this last year when in order to shore up the price of the stock, the company exercised a buy back plan. However, the price of my stock had declined so much, the company could not purchase at least one share from the number of shares I had remaining with the company before the buy back. Can the original price I paid when first purchasing the stock be deducted as a loss on my taxes?
