InvestorsHub Logo
Followers 368
Posts 5763
Boards Moderated 0
Alias Born 07/18/2009

Re: BigOwl47 post# 4370

Saturday, 11/27/2010 5:36:01 PM

Saturday, November 27, 2010 5:36:01 PM

Post# of 31338
Big Owl

In your post---the previos owner could be considered KATX,, or Ken,,, as they are using .70 cents as their basis for Good Will--

Since we have no cash outlay for the shares --and they are not gifts,, the basis for cost would be closing or opening price--based on when they reach our acct---

When I sell them my tax will be based on the price i get vs the basis price--

My accting person says my cost is zero and what ever i get is profit---either normal income or cap gains--depending on how long I keep the shares after date of receipt

Art

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent RMSL News