Originally Posted by
UAL T38 Phlyer
MEC Blastmail yesterday had a lot of subjects. As I scrolled, I saw a paragraph on Computershare. Caught my interest.
I'll admit to being largely in the dark about these shares. When I got them, I thought they were relatively worthless shares allocated in Chapter 11; worth pennies on the previous ESOP dollars.
Well, I was surprised to find there was a decent-sized chunk of money there....and that it's based on current stock price.
Here's my question: is there a way to roll this into the PRAP without a tax penalty, or if sold, does it merely become regular income or Capital Gain?
I'm suspecting the latter, but figured others have gone down this path before.
Donate them to your church or favorite charity. You get the full value of the shares on the day you donate them for taxes, while the charity or church pays no taxes on them at all, if they sell they immediately. Win - Win