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    suzy11's Avatar
    suzy11 Posts: 2, Reputation: 1
    New Member
    		  
    #1

    Apr 13, 2009, 02:46 PM
    Company stock sale - redemption option
    In Dec 2008 - the company I work for was sold and the stock was redeemed - a portion of the stock redemption was kept in the company escrow account. My 1099-B statement included the total amount even though I did not receive the escrow amount. How can I not pay capital gains on that amount until such time as I receive the funds - which will be July 2010
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Apr 16, 2009, 11:58 AM
    Sorry, you still have to pay the capital gains taxed, because the sales proceeds were constructively received by you.
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