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Form 8883 ND: What You Should Know
Income from sales of securities with a fair market value in excess of 1,000,000. Or anymore, shall need be reported by line 3 of Schedule 13G. For securities sales in excess of 1,000,000, the Corporation shall supply to the Commissioner a letter prepared by a recognized securities professional stating that a 10 percent allocation, at least on a cash basis, was included. (2) For an association, shall contain, at a minimum, the statement required to be on Schedule 13G, Statement of Income and Gross. Income from sales of securities with a fair market value in excess of 25,000. Or anymore, shall need be reported by line 3 of Schedule 13G. For securities sales in excess of 25,000, the Corporation shall supply to the Commissioner a letter prepared by a recognized securities professional stating that a 30 percent allocation, at least on a cash basis, was included. (3) For a trust, shall contain, at a minimum, the statement required to be on Schedule 13G, Statement of Income and Gross. Income from sales of securities with a fair market value of 750,000. Or anymore shall need be reported by line 3 of Schedule 13G. For securities sales in excess of 750,000, the Corporation shall supply to the Commissioner a letter prepared by a recognized securities professional stating that a 35 percent allocation, at least on a cash basis, was included. (4) For a partnership, shall contain, at a minimum, the statement required to be on Schedule 13G, Statement of Income and Gross. Income from sales of securities with a fair market value in excess of 1,000,000. Or anymore, shall need be reported by line 3 of Schedule 13G. For securities sales in excess of 1,000,000, the Corporation shall supply to the Commissioner a letter prepared by a recognized securities professional stating that a 40 percent allocation, at least on a cash basis, was included.
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