Personal Finance & Money Asked by Five Bagger on September 10, 2020
If somebody gives me stock in a private corporation, how is that gift valued for the purposes of income tax? Assume the stock is unlisted and has no publicly tradable value.
I know that all stocks have a “par value” but usually for a private corporation that par value is nominal.
The book value of a company is approximately the shareholder's equity from the balance sheet.
Answered by S Spring on September 10, 2020
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