Replies

To: ExCTCitizen

The IRS will be the big winner, right?

I think his tax basis is $12m

57 posted on 05/29/2014 6:20:05 PM PDT by nascarnation (Toxic Baraq Syndrome: hopefully infecting a Dem candidate near you)

To: nascarnation

The IRS will be the big winner, right?

I think his tax basis is $12m

I read somewhere that since it is a forced sale, it is not subject to capital gains taxation.

59 posted on 05/29/2014 6:25:02 PM PDT by SC DOC

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