Having problems with message search?
Hi Lanny,
So would we send actual (paper) shares to each member if we do it
that way?
The gains/losses on most stocks are more than a year old so they
would be "long term" capital gains. Some of the gains
and losses would cancel out and the net result would be a smaller
number. I wonder if that total tax consequence would be LESS
than the commission cost to each member of selling all those shares.
If someone pays (for example) $15/trade and has 10 stocks to sell
that's $150 in commissions plus they will still eventually get the
same tax hit. And I don't know if the brokers will charge a fee
to receive the paper shares or not. If we have the club sell all
of the stocks we are sharing the single commission cost 6 ways.
Just something to consider.
-
Paul
At 7:40 AM -0400 6/3/04, Lanny Vrooman wrote:
If we decide to disband the club, one possible option would be to cash out each member in stock. I think (not one hundred percent sure) that way we would not incur tax consequences until we sold the stock. We have done this when members withdrew.
Lanny
At 02:14 PM 6/1/04, you wrote:
I would hate to see the club disband, but I will go along with the
majority.
One thing tho, what will the tax consequences be to the members if
everything must be sold to distribute the funds. Can everyone please
consider the answer to this in their decision.
Thanks,
Donna
Subscribe: goldclub-subscribe@egroups.com
Unsubscribe: goldclub-unsubscribe@egroups.com
Moderator: goldclub-owner@egroups.com
Web: <http://www.egroups.com/group/goldclub>
Yahoo! Groups Sponsor
ADVERTISEMENT
Yahoo! Groups Links
- To visit your group on the web, go to: http://groups.yahoo.com/group/goldclub/
- To unsubscribe from this group, send an email to:
goldclub-unsubscribe@yahoogroups.com- Your use of Yahoo! Groups is subject to the
Yahoo! Terms of Service.
Subscribe: goldclub-subscribe@egroups.com
Unsubscribe: goldclub-unsubscribe@egroups.com
Moderator: goldclub-owner@egroups.com
Web: <http://www.egroups.com/group/goldclub>
Yahoo! Groups Sponsor
ADVERTISEMENT
Yahoo! Groups Links
- To visit your group on the web, go to:
http://groups.yahoo.com/group/goldclub/
- To unsubscribe from this group, send an email to:
goldclub-unsubscribe@yahoogroups.com
- Your use of Yahoo! Groups is subject to the
Yahoo! Terms of Service.
Offline 
Send Email