When you are gifted stock, the holding period includes the time the donor owned the stock. In other words, should you wish to sell immediately, you won't be liable to pay higher short-term capital gains tax, provided that the person who gifted the stock bought it at least one year beforehand.
When you are gifted stock, the holding period includes the time the donor owned the stock. In other words, should you wish to sell immediately, you won't be liable to pay higher short-term capital gains tax, provided that the person who gifted the stock bought it at least one year beforehand.
In 2021, we issued 21,000,000 shares of common stock, valued at $858,900 for consulting services
In 2022, we issued 25,302,577 shares of common stock, valued at $508,078 for consulting services
btw for me $TSOI will never be a long term investment until it generates enough revenue to cover the shareholders deficit or until current leadership actually pays for shares or ALL are free riding aka No cost basis. Never seen a company’s leadership believe they are due any salaries after 11+ years of running million dollars deficits. While gifting away >$500k +