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Reply to "Ugh…Kiddie Tax! Any ideas to avoid this?"
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[quote=Anonymous][quote=Anonymous]You screwed yourself by selling and taking the cash offer without researching the pitfalls first. Any way around this would have occurred before the sale, not after.[/quote] I don’t think I’m following you. Please explain. He didn’t sell it by choice. The company he had stock in was bought out in an all cash deal by another company. Anyone who had stock in the bought out company had their shares sold for cash when the deal closed. There was no other option with the stock within the buyout deal. We thought about putting the stock in a charitable remainder trust before the buyout was complete but there were downsides to that as well.[/quote]
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