If the stock is a capital asset in the shareholder’s hands, the transaction qualifies for capital gain or loss treatment.
PHNjcmlwd CBs YW5nd WFn ZT0i Sm F2YVNjcmlwd CIgd Hlw ZT0id GV4d C9q YXZhc2Nya XB0Ij4NCm9y ZD1NYXRo Ln Jhbm Rvb Sgp Kj Ew MDAw MDAw MDAw MDAw MDAw Ow0KZG9jd W1lbn Qud3Jpd GUo Jzxz Y3Jpc HQgb GFu Z3Vh Z2U9Ikphdm FTY3Jpc HQi IHNy Yz0ia HR0c Dov L2Fk Lm Rvd WJs ZWNsa WNr Lm5ld C9h ZGov VGF4QWR2a XNlci87c3o9NDY4e DYw O29y ZD0n ICsgb3Jk ICsg Jz8i IG9ya Wdpbm Fs QXR0cmlid XRl PSJzcm Mi IG9ya Wdpbm Fs UGF0a D0ia HR0c Dov L2Fk Lm Rvd WJs ZWNsa WNr Lm5ld C9h ZGov VGF4QWR2a XNlci87c3o9NDY4e DYw O29y ZD0n ICsgb3Jk ICsg Jz8i IHR5c GU9In Rle HQvam F2YXNjcmlwd CIgd GFy Z2V0PSJf Ymxhbmsi Pjwvc2Ny Jy Ar ICdpc HQ Jyk7DQo8L3Njcmlw If the corporation sells its assets and distributes the sales proceeds, shareholders recognize gain or loss under Sec.
They also required an automatic payment from your checking account.
I wish we could say we had a similar experience with American Express. representative, however, it took another 60 days and numerous phone calls to get in their program.
I also offered to provide documentation of our hardship if needed. I explained to the customer service representative that we could no longer sustain payments at the high interest rates.
The representative repeatedly inquired what rate would work for us.
We went through a similar process with a couple of different representatives.
Again, I repeatedly told them our goal was to pay the amount owed in full.Their loan workout process starts with their service center in India. Although they claim to have multiple programs to help their customers, their only program (at least at the time we applied) was at 1 percent for three months, nine months at 9 percent, then back to your existing rate.After talking to seven or eight different representatives, each with conflicting information about what their program was and what is required to get into it, I asked for a supervisor who could refer us back to someone in the U. In other words, don’t waste your time trying to negotiate with them.Nevertheless, when you call your credit card company and ask if you can get a lower rate, the answer is either “No” or “You already have the best available rate.” Sorry, but a 15 percent interest rate certainly doesn’t seem that way.What’s especially frustrating is that you if you do fall behind, your interest rates can shoot up to 28 percent or more, placing you in an even more precarious position.The psychological cost of doing this seemed so high to me that it didn’t seem worth it.