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 General Rules of the 1031 Exchange. 1  A 1031 exchange is a tax-deferred exchange, not a tax-free exchange. 2  The property exchanged must be either held for investment or used in a trade or business. 3  The property exchanged must be like-kind property.  Certain types of property do not qualify for 1031 exchanges.