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Hi my name is XXXXX XXXXX I will be helping you today with your tax question. The dividends were taxed and you then reinvested them from my understanding, so they are now part of your basis. So your basis will be 56k. If you sell the shares for a loss, and net approx $33K then you will have a long term capital loss of $22k which you can use to offset other capital gains this year or if you have none you can take $3k of that loss this year and carry the remainder forward.