Sunday, August 02, 2015 8:56:53 AM
Issuing shares for services is income. Selling the stock is based off the measured amount and date. If you were issued $100,000 of stock, you have $100,000 of income.
If you sold it for $10,000, you have $100,000 gross income, and $90,000 in capital loss, that you many not apply.
Don't worry, the IRS will recalculate your taxes for them. And I will be more than happy to remind the IRS of these three names.
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