To figure your elected farm income, first figure your taxable income from farming or fishing. The word “fish” means finfish, mollusks, crustaceans, and all other forms of marine animal and plant life other than marine mammals and birds.Ī fishing business doesn't include any scientific research activity conducted by a scientific research vessel. Leasing a fishing vessel, but only if the lease payments are (a) based on a share of the catch (or a share of the proceeds from the sale of the catch) from the lessee's use of the vessel in a fishing business (not a fixed payment), and (b) determined under a written lease entered into before the lessee begins any significant fishing activities resulting in the catch andĬompensation as a crew member on a vessel engaged in a fishing business, but only if the compensation is based on a share of the catch (or a share of the proceeds from the sale of the catch). The attempted catching, taking, or harvesting of fish Īny other activity that can reasonably be expected to result in the catching, taking, or harvesting of fish Īny operations at sea in support of, or in preparation for, any activity described in (1) through (3) above The company filed to register millions of potential new shares last week, a routine procedure that nonetheless spooked investors.The catching, taking, or harvesting of fish Trump is required to wait 150 days, or until late August, before he can sell any of his stake, though the shares could be traded earlier if Trump Media’s board were to waive the restrictions. Trump is not yet allowed to trade them or use his stock as collateral. The stock, which opened at $35.50 per share on Tuesday, its 20th day of trading, has been well above all three of those thresholds since the March debut, keeping it on track to meet the conditions of the earnout.Īs with the other shares he owns, Mr. The shares are awarded in batches, based on whether the stock trades above $12.50, $15 and $17.50 for 20 out of any 30 days in its first two years as a public company. Trump Media has been a popular target for short-sellers, who make money by betting on the decline of a company’s share price.ĭespite the ups and downs, Trump Media’s share price has remained above the levels set as triggers for awarding extra shares to Mr. Trump’s stake to about 65 percent of the company.Īn initial frenzy pushed the value of the company up to nearly $8 billion, but the share price has fluctuated wildly since then, falling by about half from its peak. Trump Media merged with a public shell company last month and made its debut on the Nasdaq on March 26. He’s now due 36 million more shares under what is known as an “earnout,” additional stock that would push the value of his stake to roughly $4 billion.Įarnout shares, a feature of mergers, are designed to reward insiders if a company’s stock performs well for a set period after completing a deal. Trump is already the largest shareholder of Trump Media & Technology Group with 79 million shares, a stake currently worth nearly $3 billion.

The presumptive Republican nominee for president is also ramping up his political campaign, with the boost to his net worth bolstering his image as a wealthy businessman, an important part of his pitch to voters.

Trump, who is on the hook for hundreds of millions of dollars of legal bills tied to the multiple cases against him. The windfall comes at a crucial time for Mr. Trump’s already sizable stake in his social media company is set to jump by more than $1 billion, as he’s rewarded with additional shares in the parent of Truth Social - the result of its stock price staying high in recent weeks.

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