[GNC] Owning stocks which are not publicly quoted - which account type suits better?

[Michael or Penny Novack]

On 9/24/2024 8:23 PM, R Losey wrote:
> I think it could still be a stock - you'll just need to make sure the
> settings are correct -- and, of course, you cannot update the price online.
>
> Dividends fall into three categories that I can think of (and I'm using
> what I need for the US; not sure about your situation)

Look, he said "partner" as well as ''stock" which looks to me like 
probably an incorporated partnership. The stock in a case like that 
simply indicates % owned (partnership share) and possibly that it is 
transferable (partnership would need special rules for that) though once 
upon a time "joint stock companies were common.

These are usually PASS THROUGH entities for tax purposes. In which case 
(unlike a regular corporation that pays tax) it's not just the dividends 
received tat are taxable but the total gains, whether distributed 
(dividend) or retained. Think about how taxes work for a partnership 
(the partnership doesn't pay tax on gain, the partners do)

It is why I am saying CONSULT A PROFESSIONAL

Michael D Novack