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  • How to report taxable gains on NPNs
    Started December 6, 2013
    Originally posted by Steven Hamilton II: It would be considered a "deemed exchange". debt due to the different being greater than 5% (4,000). Other things that can ... See more
    Reply 13 replies
  • How to report taxable gains on NPNs
    Started December 6, 2013
    Thanks for your input @Steven Hamilton II . I will get more information from the client as to the time left on the note prior to modification. It looks like my thinkin... See more
    Reply 13 replies
  • How to report taxable gains on NPNs
    Started December 6, 2013
    Bill I agree, it's good to have a tax liability. My client and I just are trying to limit having to pay a large amount of taxes on something that we have not "constructively... See more
    Reply 13 replies

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