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Koan

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Koan

Re: 1manband post# 81988

Sunday, 08/11/2019 10:10:15 PM

Sunday, August 11, 2019 10:10:15 PM

Post# of 146881
Expressing shareholder impairment as a percentage (specifically 100%), is circular reasoning and, most conveniently does not require valuing the company.

In any case, the number must be expressed as a dollar amount and not a percentage, precisely in the same manner as required on any tax form.

The IRS does not ask individuals or companies to express their gains or losses as percentages, they require them to be expressed as dollar amounts.

That is the law.
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