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To: taxcontrol
Further, forced sales are not taxable.

Really? No Capital gains even? That would be hundreds of millions.

59 posted on 05/11/2014 8:30:39 PM PDT by Mike Darancette (Do The Math)
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To: Mike Darancette

That is correct. Normally the proceeds would be taxed as capital gains (20%) but under the IRS rules for adverse sales where a party is forced to sell, there is no tax due.


63 posted on 05/12/2014 5:07:32 AM PDT by taxcontrol
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