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2020 or 2021 investment???

  • #324476

    Brad
    Participant

    All,

    Does anybody know the answer to this:

    If my investment hasn’t been finalized before the end of the year, does it back date to my 2020 investment commitment date?

    I don’t know if the SEC will look at it as a 2020 investment or a 2021 investment.

    Thank you!

    Brad

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      • Merlynmac
        Participant
        #324665

        That’s a great question and one I’m not 100% sure on. My initial thought is it will count when the company closes on your investment (i.e. either with the company closes the raise or when they do a rolling close that includes your investment. Again, I’m not 100% sure but I do believe it’s when the company actually accepts/takes your funds.

        It’s best to consult a tax attorney on that one. If you do, please come back and let us know what they said.


        • Brad
          Participant
          #326243

          I attended the webinar today and asked these questions. Neil was not able to answer for certain and recommended reaching out to Startengine or the other platforms to see if their legal team can provide a correct answer. I am waiting on their response.


        • Brad
          Participant
          #324686

          That’s what I’m leaning towards as well. I will definitely let everybody know.

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