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mary777

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mary777

Re: BayouBengals post# 2730

Tuesday, 06/19/2018 12:08:34 PM

Tuesday, June 19, 2018 12:08:34 PM

Post# of 4204
His shares are holdings, and must be reported in value to the GOVT as a financial asset. He did not buy them, he was PAID for those shares, thus he must pay taxes on their value.

It's like if you win a car--you still have to pay taxes on the VALUE of that car.

If they are retired, he can write them off against his other gains. It's a win-win.

Visit me at Mary's Penny Picks: http://investorshub.advfn.com/Marys-Penny-Picks-5862/

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