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Form 1099-B online Costa Mesa California: What You Should Know
Tangible Personal Property. When applying for exemptions based on sales of bond, shares (stocks and stock options), or securities, a sales person may rely on either the sale of a tangible personal property or the sale of stock or stock options or instruments. To determine the exempt amount under the Sales Tax Code for a sale or exchange of stock or stock options, a sales person may use the salesperson sales price to determine the fair market value of the purchase and sales price of the stock or stock options. The sales price includes all expenses associated with the sale and the price of the stock or stock options during the sale period such as commissions, brokerage commissions, shipping, and duties. In such a case, the sales person's commission would be considered as incurred interest.
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