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: Colin Cody who wrote (1795)	2/2/1999 12:08:00 PM
From: Thomas Stewart	Read Replies (1) of 5810

Colin: My research implies that the answer turns on a funny point: whether the transferor is "diversifying." So, if I have all IBM stock (no other shares) and want to join an investment club, I will be taxed if the investment club has a diverse portfolio. On the other hand (and this is where that answer doesn't make much sense to me) if I have a diverse portfolio and transfer stock no taxable even occurs?? In fact I am already a partner in an investment club with diverse holdings. If I transfer stock in the same amount and type as the other partners I do not view that as diversification. Is that the way to analyze the question?

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