did anybody see any mention to no dividend to the westmeyer investment?
Yup. Only because i re-read the case like 3 times because the other answers didn’t make sense but I didn’t see the tax reduction. Tough one.
i still cannot fiind it. i see that SSE doesnt pay dividends in the family assets part of the IPS. nowhere do i see that westmeyer doesnt issue a dividend or whether it does, but retaking this particular item set today, i realized the other two choices do not make sense as you stated, so by P.o.e., it made sense and is more clear today
the tax deferral is correct nonetheless
i also cant find where she requests the home and the concentrated position be excluded from her investment base. i understand why the real estate is excluded and why you can exclude the concentrated position
typically real estate is almost always excluded. i do not explicitly see the concentrated position be asked to excluded when calculating the investment base
if it shows up on the exam, i will treat it similarly unless explicitly stated