I have a client that is selling stock of c corp. My question is regarding the basis in the stock. My client personally paid off some notes of the corporation in the past. Does this increase his stock basis. Also, there is some treasury stock that the corp has bought back, this does not increase his stock basis does it. Just wanted to check with this board to get some input. Thanks
Announcement
Collapse
No announcement yet.
Corporate Stock Sale
Collapse
Disclaimer
Collapse
This message board allows participants to freely exchange ideas and opinions on areas concerning taxes. The comments posted are the opinions of participants and not that of Tax Materials, Inc. We make no claim as to the accuracy of the information and will not be held liable for any damages caused by using such information. Tax Materials, Inc. reserves the right to delete or modify inappropriate postings.