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Wallstreet Esq.
Wallstreet Esq., Tax Attorney
Category: Tax
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Experience:  10 years experience
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Is an equity membership in a country club a capital asset

Customer Question

Is an equity membership in a country club a capital asset under tax laws
JA: The Accountant will know how to help. Please tell me more, so we can help you best.
Customer: I have been an equity member in a private country club for 20 years. If I sell it is it taxed as a capital gain?
JA: Is there anything else the Accountant should be aware of?
Customer: no
Submitted: 3 months ago.
Category: Tax
Expert:  Mark Taylor replied 3 months ago.

Hi, my name is Mark. I will be happy to help you with your question.

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