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Re: ForTheWin post# 11076

Friday, 02/14/2014 10:17:50 AM

Friday, February 14, 2014 10:17:50 AM

Post# of 37358
Yep, and everyone who got those "Restricted" stock certificates get to pay taxes categorized under "ordinary income" (see IRS Publication 525 and 550) at a $37 fair market valuation on the stock they may never ever be able to resell.

Even if they were allowed to sell it today, they would still claim the income at $37 and include a capital loss of $13 per share. And if a shareholder had no capital gains to offset the loss, ooops. $3,000 per year adjustment and carried over.

What a nice gift by Vinny.
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