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Updated about 3 years ago on . Most recent reply

User Stats

50
Posts
5
Votes
Roger Gelpey
  • Investor
  • Danvers, MA
5
Votes |
50
Posts

Redemption interest question

Roger Gelpey
  • Investor
  • Danvers, MA
Posted

I wasn't sure how to search this, so I thought I'd just ask here...

When figuring out an amount required for a taxpayer in AL to redeem directly from me is it customary to figure in interest for "use of money" on expenses incurred during the time I held the certs? If so, what is the proper rate to figure at? I know the 12% rate is too high.

Thanks!

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