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Re: SwissCheeseAccount post# 95673

Saturday, 10/02/2021 6:47:26 PM

Saturday, October 02, 2021 6:47:26 PM

Post# of 111133
If after reading this you are thinking what I thinking you are thinking, you are wrong.

" provides that a capital contribution by a shareholder of the corporation’s own debt "

"by a shareholder..." That doesn't apply to Lehman. What shareholder?

"In general, satisfaction of debt for less than its adjusted issue price (within the meaning of Regs. Sec. 1.1275-1(b)) generates cancellation of debt (COD) income."



There is nothing in this link that would exclude Lehman from having COD income. And again, the company itself implies that by saying all NOLs will be fully utilized.

Joe Stocks