U.S.-based individual investor. After many, many hours of company-specific research in 2021, I decided to add a Canadian junior mining developer to my IRA via an OTC stock listing. The listing average volume is around 150k shares. The company also has a TSXV listing, trading at a slightly higher average volume.
FMV was reported in Box 15a on Form 5498 by Fidelity, with Code A in Box 15b: “Stock or other ownership interest in a corporation that is not readily tradable on an established securities market.”
Should I expect this to be contested as a prohibited transaction? Are there any additional actions I ought to take beyond my documented research?