Application of Dorrance - MetLife sales

[arlene]

MetLife sales: if calculated on payments since inception, client has
full basis (as suggested in Dorrance) Or there is always zero.
I'm new at posting, figuring out a board, and want some input about
what others might consider doing. Is that what we do here?

Arlene

[Koss]

Insurance Demutualization?

Sounds like you are asking a question about how to determine a taxpayer's basis in a payout they received from stock that was issued by an insurance company.

It may help if you post more details about the specific situation you have.

Welcome to the The Tax Book Message Board!

Yes, we post questions about specific tax matters. Of course we never reveal clients' names or other identifying information. But sometimes we post concrete numbers to help others understand the issue, and the calculations that we are asking about.

Don't take this the wrong way. The fact that you identified MetLife is not a problem. To the contrary, I am encouraging you clarify your question by providing as much detail as you can without revealing confidential information about your client.

I am not familiar with the Dorrance case, so I'm not going to try to answer your question until I read up on it.

BMK