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Can you use the installment sale method to report sale of small business stock that is not publicly traded? Stock of a small corporation. It looks like you can but what do you guys think. Thank you.
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Us guys say yes. Well, me, myself, and I say yes so are there enough votes there to sway your decision?
Slava Ukraini!
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Thanks Iron Man. From what I read it appears that sales that are NOT reported under the installment method are the sale of stock or Securities traded on an established Securities Market. Therefore that leads me to believe that privately held stock that is not publicly traded is eligible for installment sale treatment. The stock is not qualified small business stock as it was originally issued before August 10th 1993.
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Yeah, I did the ancestry.com thing about 5 years ago. I had a " bohunk cousin" down in Texas contact me shortly afterwards that is really into the ancestral history. He took my DNA info and also got me hooked up with another ancestry website so he could do more research on the family. That website e-mails me almost weekly with new DNA matches but those matches seem to be more of my Scandinavian side because those e-mails tell me of new matches with, Sven, Ole, and Lena.
Slava Ukraini!
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