A well known investment company told us we could do the following and I'm trying to find out if it's legal or not: You sell the "Rights" to a stock for a certain price. Then you sell the stock for the current price. The money you received for the "Rights" then go towards any taxes; therefore you end up selling your stocks tax free. Whoever buys the rights to the stock is taking a chance that the stock is going to go up. I'm new at this so I hope I explained it correctly. It sure sounds shady to me!!!
Best Of |
Favorites & Replies |