"Hiding" capital gains

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

Next Article (by Subject): Re: "Hiding" capital gains Jeff Salisbury
Next in Thread: Re: "Hiding" capital gains Jeff Salisbury
Articles sorted by: [Date] [Author] [Subject]

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?

+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+
| Brian Gordon       -->briang@netcom.com<--      Brian_Gordon@whitelight.com |
+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+

- -

Next Article (by Subject): Re: "Hiding" capital gains Jeff Salisbury
Next in Thread: Re: "Hiding" capital gains Jeff Salisbury
Articles sorted by: [Date] [Author] [Subject]

Go to Jeff Salisbury LWGate Home Page.