1. Had a partner, forced him out
2. Got married, 2 days later IPO (avoided community property)
3. Sold stock 2 public, value plummets
DO WE SEE A PATTERN, HERE?
I am surprised he got married at all.
Wouldn't you do the IPO first to avoid increasing community property? The gain is now during the marriage. If he had the IPO first the gains would all be separate property.