Replies to post #1000 on Corix Bioscience Inc. (CXBS)

[Dolphins88]

Laughing?

You lost me. Call your CPA, and he should be able to answer your questions in about 2 minutes. Good luck.

[Slojab]

The IRS does not work like that.

That is FN common sense

Since when is FN common sense accepted as a simple answer to a complicated question?

Can you post a link to the tax code that applies to this situation?

[Dolphins88]

Stepped up basis on Inherited stock

http://www.finweb.com/taxes/taxes-on-inherited-stock.html#axzz3Ewm0YBXO


Again, I have no idea what this would have to do with AFFW, until of course someone is inheriting the stock from someone else. Either way, here is the IRS rule on stepped up basis for Inherited stock.