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Subject:  Accredited investments Date:  3/5/2014  7:02 PM
Author:  sailrmac Number:  120377 of 123001

I'm an accredited investor who should be selling their first private placement investment for a gain. I assumed this gain would be taxed as short term capital gains but the carried interest talk currently on the TV news has me wondering.

Can any professional tax person on this site tell me if this is correct? Are there any ways you might suggest to minimize tax expense?

Some specifics: It was $50k in convertible debt invested in a bulletin board company which I bought a month ago. If converted to shares and sold at todays prices it would theoretically sell for $480k. The company has filed the S-1 and is in the process of registerin