Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
I exercised a cash flow note in January 1999 received in 1996. Is this deemed income or a capital gain? the note was received as a result of court action against General Development corp
Print the post Back To Top
No. of Recommendations: 0
<<I exercised a cash flow note in January 1999 received in 1996. Is this deemed income or a capital gain?>>

Sorry...but I'm not familar with the term "cash flow note". Since I don't know what it is, it's impossible for me to tell you how it will be treated for tax purposes.

<< the note was received as a result of court action against General Development corp>>

Then I would suggest that you contact the attorney that handled your case. S/he should be able to shed some light on the subject.

TMF Taxes
Roy
Print the post Back To Top
Advertisement