I am not a tax advisor. I was told it depends upon your standing. My standing is both as shareholder through inheritance but also as a direct recipient of the will. My tax position will reflect whatever the lesser of the 2 positions. You are not receiving money for your shares but receiving money BECAUSE of your shares. HomeBrew and Fung are great resources I have both used for the past decade for minimum tax angles, so if you haven’t insulted either of them, you might want to reach out to them for specific help BEFORE you open your mouth to your tax preparer or CPA. Looks like a gift to me for you as in reality your shares are WORTHLESS and the company is BANKRUPT and DISSOLVED and NO LONGER EXISTS. I don’t see any capital gain. Nothing there to be there
I do not know. This is not tax advice
I suggest you employ the best tax advice now before you make any financial decisions
Just my opinion
I know other than the future royalties, this is fully funded in a trust which will last until all eligible shareholders have received their well deserved funds
It’s going to be a great weekend ! 5 more ihub posters have PMd me with their packet information they received and signed instantly.
IHUB.....where people go to avoid common sense....