Income Taxes and Record Keeping ( tax ) Message Board

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Strategies & Market Trends : Income Taxes and Record Keeping ( tax )

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To: Richard Joslin who wrote (1791)	2/1/1999 9:46:00 AM
From: Thomas Stewart	Read Replies (1) of 5810

Anyone: is a contribution of appreciated securities to an investment club (one organized as a partnership) a taxable even such that the unrealized gains become taxable even if the shares are not sold? That was a mouthful. I want to give stock rather than cash to an investment club. For now, the club intends to hold the shares rather than sell them. Is the contribution to the investment club (partnership) a realizable event that requires that tax be paid on the appreciation immediately? Or is the tax due only when the shares are sold by the investment club? Thank you.

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