RE:RE:RE:Rights Offerimg's Possible Tax ImplicationsWhen I sold my rights, I treated the selling price as a capital gain with zero cost basis.
I have valued the cost of the shares purchased with rights as simply the cash I paid for them, ignoring the rights. Maybe that is wrong, but maybe not. I'm not going to worry about it. If one simply let the rights expire, I doubt one coult take that as a loss. Maybe.