Definitely some inequities in the system. Stock, a personal investment in most cases, that is, not business, is taxed on gain and losses go against gain, either...
Thanks for everyone's input. This is a complicated issue. Although I owned the membership for about 30 years, I only rented the slip associated with it for the ...
I have read the info referenced, however, this refers to a "boat slip". My sale was of a "membership", not a boat slip. It is effectively like owning a membersh...
I have a followup to your response. I have not yet received the PFIC form form the corporation where I am an investor. I have looked at form 8621 however it is ...
