The deceased holds 8% of a private corporation and he has incurred debt throughout the years. The corporation is willing to wash out the debt in exchange for his 8% holding in the corporation. My question: is the value of the shares held figured at the time of death or at the time of relinquishing them back to the corporation? Any help would be greatly appreciated!
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ScottGem

Please review the guidelines on asking for help with homework that can be found here:

http://www.askmehelpdesk.com/arts-li...board-b-u.html

countrysong

[quote=ScottGem]Please review the guidelines on asking for help with homework that can be found here:

Thank you for the information...but this is not homework...this is a real question about a real life situation.
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JudyKayTee

Someone else had this question before, same percentages - OP should try the search feature.