club_cafe: Tax Treatment of transfer of stock from personal account to an...
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club_cafe: Tax Treatment of transfer of stock from personal account to an... In a message dated 12/17/2007 4:33:26 P.M. Eastern Standard Time,
prgeorge@bivio.com writes:
I transferred some of my personal stock to an investment You, and the club, have major headaches. Read IRS Pub. 541, Partnerships,
www.irs.gov/pub/irs-pdf/p541.pdf
- specifically the section on contributing assets to a partnership. I'd wait for
the experts at bivio to chime in, but I doubt that bivio can handle the
necessary tracking requirements for cost basis in this situation. Your best
solution might be to take the stocks back and have the club eliminate the
transactions as if they never happened.
Ira Smilovitz |
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