My previous company was purchased by a bigger company, all my common stock shares were "cancelled". Do "cancelled" shares count as a capital loss?

Submitted by jaceinla t3_11gkkpx in personalfinance

Unsure of when I'll get official paperwork for this for tax filing purposes, possibly not until Jan 2024... I lost 10k which is blah but I knew the risk. I have some other successful stocks I've personally invested in so if I can take 10k out of one of them "tax free" and move it around I'd like to. Thanks!

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EDIT: For clarification, my company was private and purchased by a public company. It was a startup

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From the document I rec'd:

> due to the liquidation preference of the Preferred Stock exceeding the aggregate merger consideration, you will not be receiving any consideration from the Merger and your shares of Common Stock are being automatically cancelled as of the Effective Time.

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