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 Gold/Mining/Energy : Plastics to Oil - Pyrolysis and Secret Catalysts and Alterna

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To: SteveF who wrote (14360)11/23/2011 2:34:24 PM
From: shortsinthesand of 34094
 
I would assume that it would be considered income in the year it was issued and priced on the issue date. That would also be considered your cost basis so if the stock was sold for more than the cost basis it too would be a taxable event a double whammy! Of course if it is sold for less than the cost basis ( most likely with JBII..)cough cough than the sale could be used as a tax loss... LOL Our great Uncle SAM doesn't miss a trick when it comes to TAX collection!
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