Queen Anne's County Honorable Laura Nan Cook, Register Liberty Building 107 North Liberty Street - Suite 220 Centreville, Maryland 21617
The Facebook stock price hit an all-time high of $99.24 Tuesday and closed the session at a record $98.95. Facebook Inc. (Nasdaq: FB) stock has been on tear in July, climbing more than 13% this month alone.
A, a United States person and a calendar year taxpayer, purchasedmarketable stock in FC, a foreign corporation that was a PFIC, for $1000 on January 31,2003. A made a section 1296 election with respect to the stock of FC for 2003. At the closeof 2003, the fair market value of Aâs stock in FC was $1,200.