Sgwmax

Unirod, Thanks for the reply... I will reach out to him with your request, and at the least; will have him reference the specific tax code, rule, regulation, and/or guideline that supports what he has explained to me regarding debt notes vs securities.

I am trying to understand what the community is referring too when the topic of taxes are raised as it relates to the impending CE. I asked my tax advisor, and he explained to me that because the Currency being exchanged is in fact a debt note, and NOT a SECURITY, there are no taxes to be paid on any gains realized when the exchange is completed... so, please help me with understanding what I'm missing... Thanks everyone~!