I have a new one to me, and need to be sure I have the terminology correct before I start asking for more information from the client.My client was given stock in the privately owned family corporation as a child and has now sold it back to the company. She is going to have to find out the basis so we can report the transaction.I suspect this was treasury stock from the corporation but may have been stock owned by the parents and if so, probably was treasury stock when they acquired it. I've been doing research, but am not coming up with the term for the basis of treasury stock. Would this be par value?Thanks.RoseNext I need to look into installment sales for the same transaction.
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