"Ricky Gentry" <rggentry[at]citlink.net> wrote:

- quote -

Sorry, one other piece of information-

Stock cost is $1000.

Retained earinings is 29K+, about the same as the
AR-stockholder.

RG


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Here is the deal-

A coproration (regular, not an S) has vehicles at a cost of
90k and accum depr of 75k. They are considering selling for
125K.

Now the little kicker- there is an AR- stockholder of 30k.
We have a state excise tax of 6.5%.

What do you think is best- selling stock or assets?

Any opinions are appreciated.

<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ------------------------------------------------------- >