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Sunday, 12/21/2014 12:08:22 AM

Sunday, December 21, 2014 12:08:22 AM

Post# of 730296
Escrows to be taxed at 15% cap gains....not ordinary income. So it sounds like, as long as you held escrows for a year, which we all have, it is cap gains, not ord income as some have said. Your basis would be your purchase price. Say in 2008 you bought a block of Ps at $3.00. When you signed the release, those escrows were just transferred into your brokerage account, but the basis remained the same $3.00 per share.
If Ps pay out at $2000, you'd pay 15% of the gain. If anyone can show proof otherwise, prove it.
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