George4Tacks
Level 15
12-07-2019
05:28 AM
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"Ten times the basis would be $250k"? Methinks 10 X 250K is 2,500,000
Married? $10,000,000 - 0 (assumes no prior) = $10,000,000
Larger is 10,000,000
Gain is 6,500,000 - 250.000= 6,250,000
1/2 the gain is 3,125,0000 on the "stick."
Here's wishing you many Happy Returns