Lopezian's Profile

Lopezian's Posts

Re: Moving Forward

Nice thought, allmyshoes.  Our dodgy investments in KRY are nice problems to have.  Good on yer.


 


Lope

over 7 years ago
Re: Venezuela Fights Demand It Post Security For $1.4B Award

Thanks for turning this up, IFY. Extends a shred of hope.

almost 8 years ago
Re: Opt-in

Hey, A-D, I'm 83 as well, but my own email from Delna is giving me hope. Hang in there, Old Timer.

almost 8 years ago
Re: OPT-IN AGREEMENT

Hey, Troops, we're good at waiting, right? Hang in there...and there...and there.

about 8 years ago
Football season is coming.....

Football, Pam, is the opiate of the masses.


Go, Seahawks.


(Maybe you could demonstrate your loyalty--call it Patriotism--by sending Tommy an air pump.)


;)


XXOO,


Lope

about 8 years ago
Re: Capital Gains Loss

Laura,


Having read Goldpilot's detailed remarks, maybe a variation on his theme would work: sell the shares to a family member or friend for a dollar or so. The shares could be transferred from your account to the investment account of your chosen recipient.


You could work this a number of ways. If the recipient was indeed a congenial member of your family, you might choose to grant them the benefit of the full potential gain in value. Or it might make sense to have a sharing agreement, say, 50/50. In any case, if you had a notarized bill of sale the IRS should be satisfied you've taken a capital loss. Any prospective retrieval of value thereafter would be handled as ordinary income.


(I trust you're aware, on the other hand, you have a year after the sale of your home to reinvest in another one of equal or more value--and thus avoid a cap gain tax liability altogether.)


I've found myself in similar situations over the years, and always have to remind myself: such problems are nice ones to have.

about 8 years ago
Lopezian
City
Lopez Island, Washington
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Date Joined
10/21/2010
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