3 ms·
Does the IRS take into account losses by the company? Eg if A Jewellery shop gave employees a special 2-for-1 / BOGOF gold bars, I expect that’d raise lots of
by yardstick 2y ago
Does the IRS take into account losses by the company?
Eg if A Jewellery shop gave employees a special 2-for-1 / BOGOF gold bars, I expect that’d raise lots of red flags?
- balderdash 2y agoWhy? now the employee has a large taxable embedded gain on their gold bar when they sell it.
- yardstick 2y agoCapital gains still less than Income Tax?
- balderdash 2y agoBut you have to hold if for a year and take the price risk, if you sell it the next day to arb the price you pay ordinary income