Activity Feed
- Posts
- Replies
-
@qbteachmt thank you. this is very helpful. if Father would have sold 49% of his shares to his Son or a third party for FMV of $30K per share, what would his ca...
-
@sjrcpa please help me understand the basis vs equity difference. their books are kept as tax books. before the transfer, Father's basis was initial Capital Sto...
-
@sjrcpa is there a scenario in which it is not recommended to do the split gift tax form?Son gave Father $10 cash the day they signed the transfer deal so $10 n...
-
@sjrcpa can Mother consent to splitting the gift and file hew own form 709 to account for half of the gifted amount? is this allowed even though she doesnt own ...
-
@sjrcpa thank you very much for your quick response. so for the purpose of filing a Gift tax return, i will state: 49 shares times $30K each less $10 as the gif...
