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What would be the corporate tax ramifications of the sale of the following stocks and bonds? What would be the corporate tax ramification if these
What would be the corporate tax ramifications of the sale of the following stocks and bonds? What would be the corporate tax ramification if these were donated to a non-profit?
Capital Asset | Type | Initial Costs | Adjusted Basis | Estimated FMV |
1190 | Bond | $ 5,000.00 | $ 5,000.00 | $ 10,000.00 |
1129 | Stock | $ 20,000.00 | $ 20,000.00 | $ 25,000.00 |
1130 | Stock | $ 25,000.00 | $ 25,000.00 | $ 10,000.00 |
2198 | Stock | $ 5,000.00 | $ 5,000.00 | $ 50,000.00 |
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