@IRSTUFF:
My main question is what is my gain based off of. If for example - the firm had a FMV of $10/share. I buy discounted shares at $5/share. I am taxed for the difference in the FMV vs discounted price as income. If I later sell my shares for $11/share, would my capital gain be...
I have the opportunity to purchase ownership/stock at my current firm. Some information about the firm:
-The firm is categorized as an S-Corp currently with only one shareholder (the owner).
-The owner will be looking to sell/retire in 5-8 years. A 3rd party buyer is the most likely scenario...
