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They were not certain if there would be tax implications for liquidating the inventory. I want to know if we will at any time receive the rest. In my scenario, I bought the Yahoo inventory back in 2013, so I will be paying cash gains.
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Any liquidating distribution you receive is not taxable to you until finally you might have recovered The idea of your respective inventory. Following the foundation within your inventory has been reduced to zero, you need to report the liquidating distribution like a money obtain.
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I owned Altaba at the same time. Does everyone know if / when there'll be a final distribution? I go through that The explanation why it had been partial (~75%) was as they reserved The remainder for tax good reasons. It had been essentially a Keeping enterprise for Alibaba inventory, a Chinese enterprise.
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