Damage was a colloquial term. Sure I will have taxes and I expect to pay them but the convoluted process to attain basis in our case is monumental. We have k-1’...
Thank Rick. Yes the 10,13, and last 10 were all gifts. And you are prob right that the 13 going back to the corporation was a recapitalization with the managing...
Thanks for responding Mike. Our parents gifted us 10% stock around 1998. We were gifted an additional 3% around 2005. In 2008, my father took back the 13% and s...
Thanks for responding DianeComing up with the basis will have to be done through the corporate CPA but my intended question to be answered here was the retracti...
