I had a one time stock sale gain in April to pay taxes. My attorney said it is unclear as to if this should be included as income for the means test. I fail with the gain, so he is suggesting that I wait until November (at which time the 6 month look back will no longer count the gain). Anybody have expiernce with this? - I live in California. He did say I could take a chance and disclose it, not include it in the means test and file prior to November - but his conclusion was he was not sure what the trustee would do.
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Are you sure it was a gain? Not many stocks were up in April, most were at many-year lows...
but yes if it was an actual gain you need to disclose it for that month, as the trustee will ask for brokerage statements.7-2-2009 Filed
8-28-09 341 Concluded, no assets
10-28-09 DISCHARGED/CLOSED!!!!
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Your attorney has good advise - wait until the extra income drops off your 6 month look back period.Filed CH 7 9/30/2008
Discharged Jan 5, 2009! Closed Jan 18, 2009
I am not an attorney. None of my advice is legal advice in any way..Comment
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