MEWDS (Multiple Evanescent White Dot Syndrome) is a rare, unilateral, self-limiting inflammatory disease that afflicts young women more than men in a 4:1 ratio. Despite the lack of treatment, the prognosis is excellent. Our patient is the typical age and gender.
To qualify for sale or exchange treatment, a stock redemption generally must result in a substantial reduction in a shareholderâs ownership interest in the corporation.In the absence of this reduction in ownership interest, the redemption proceeds are taxed as dividend income. The former shareholder has no interest, other than that of a creditor, in the corporation for at least 10 years after the redemption (including an interest as an officer, director, or employee).
However, if 1031 Exchange proceeds are used to pay for operating costs, financing (lender) related charges or other non-routine selling expenses the investor will recognize some income tax liability.Certain types of taxable items can be offset by other taxable items and will reduce the investor's income tax liability.owever, if 1031 Exchange proceeds are used to pay for operating costs, financing (lender) related charges or other non-routine selling expenses the investor will recognize some income tax liability.