Washington Mutual Preferred fka WAMPQ

[rainbow1111]

I'm thinking there may be a buyout after the transaction is "old and cold", with no tax motive and a two year old transaction. I've attended seminars where they said two years is 2 tax years. So a Dec. 20x1 transaction is counted as one tax year (calendar year taxpayer) & the 2nd year would be Jan. 20x2. So it could be done in less than 2 years. I would be cautious about that cutting it that close. Pigs get fed and hogs get slaughtered.

My bet is 2 years, more or less. I'm sure the new company isn't going to blow it by soliciting buyers right away. But if someone comes along by the end of the year................it could be wrapped up in 2013 or so.

This link discusses "old and cold" regarding a vacation home.

http://www.doubletongued.org/index.php/citations/old_and_cold_rule_1/