"Hiding" capital gains

From: Brian Gordon <briang@netcom.com>
Subject: "Hiding" capital gains
Date: Fri, 17 Dec 1999 11:55:53 -0800 (PST)

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I have a "happiness problem" -- humongous gains from ESO stock after IPO -- but
I can't stand the idea of giving up 40% of it to taxes.  A financial advisor
has just suggested I bury it in Oil Exploration/Drilling, with an outfit that
has a good track record, so that almost all of it it a tax deduction which is
never recovered.  Too good to be true?  More complex than I understand?

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