This happened to me too. The "Salute" emote, right? I started a topic last week but Bungie hasn't replied.
It's so odd, because this was SPECIFICALLY mentioned as a fix in the Shadowkeep
"Players who've obtained the Salute emote in the past can now correctly select it in their collection and assign it to their Emote wheel"
English
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Yeah it's the salute emote it says I have it on steam as a part of the dlc but I cant find it in game