Several years ago, Bill acquired 100 shares of Bold Corporation stock directly from the corporation for $100,000 in cash This year, he sold the stock to Sam for $35,000 What tax issues regarding the stock sale should Bill consider ...

Bill should consider the following tax issues Was the stock sold to a related party Sam ...

Several years ago, Bill acquired 100 shares of Bold Corporation stock directly from the corporation for $100,000

Question:

Several years ago, Bill acquired 100 shares of Bold stock directly from the for $100,000 in cash. This year, he sold the stock to Sam for $35,000. What tax issues regarding the stock sale should Bill consider?
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...