MEWDS (Multiple Evanescent White Dot Syndrome) is a rare, unilateral, self-limiting inflammatory disease that afflicts young women more than men in a 4:1 ratio. Despite the lack of treatment, the prognosis is excellent. Our patient is the typical age and gender.
To qualify for sale or exchange treatment, a stock redemption generally must result in a substantial reduction in a shareholderâs ownership interest in the corporation.In the absence of this reduction in ownership interest, the redemption proceeds are taxed as dividend income. The former shareholder has no interest, other than that of a creditor, in the corporation for at least 10 years after the redemption (including an interest as an officer, director, or employee).
The cooperative pays tax on these monies in the year obtained. When a nonqualified allocation is redeemed, the cooperative deducts the allocation from taxable income and the patron includes it in taxable income in the year of redemption. 'See Coope rative Information Report 23, âTax Treatment of Cooperatives,â Agricultural Cooperative Service, U.S.