NUA Stock combined with NQ Stock of same company
When you take your NUA from company plan, your shares that are NUA that are now NQ stock subject to IRD treatment at death, can they be comingled with regular NQ stock of same company, that is not IRD? If so, any challenges as far as record keeping?
Thanks,
-m
Permalink Submitted by Alan - IRA critic on Thu, 2015-05-07 23:25
They could be held in the same brokerage account, but the broker would have to track basis as separate lots and the taxpayer would have to specify at the time of sale whether they were selling NUA shares or non NUA shares. I would discuss this with the broker before placing the shares in the same account to be sure they can handle this, and that they will the taxpayer breakdown of NUA share cost basis and holding period and recognize the taxpayer record keeping, 1099R data etc.