Replies to post #11087 on Notis Global Inc. (fka NGBL)

[chaosstarter]

Hey guys. New poster here and got out of MDBX a while ago. However, I got my small amount of 1:1 restricted shares recently.

My question comes from the fact that it was based on shares that you owned as of 12/18/13, correct? I sold my shares the bday before on 12/17/13. Why would I still have gotten these?

[ForTheWin]

Wrong. They are being listed as "NON-TAXABLE SPIN OFF/LIQUIDATION DISTRIBUTION" in brokerage accounts. I'm not a tax professional and I would hope nobody is seeking professional tax advice on ihub, regardless. But I don't know what makes you think these are taxable as 2014 income.

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.

[hedge_fun]

I'm asking for my friend, who's a little slow.......

Are you suggesting the divvy is bad because it's not at the lower capital gains rate?