Re: "Hiding" capital gains

From: Jeff Salisbury <jeff.salisbury@xmission.com>
Subject: Re: "Hiding" capital gains
Date: Fri, 17 Dec 1999 15:43:30 -0700

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Brian Gordon wrote:
> 
> 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,

It isn't clear to me what your advisor is recommending -- Is he
suggesting you sell some other holding you have that is a loser and
offseting your gain with the loss?  Or, is he suggesting that you buy a
limited partnership so you can offset the gain you have with the
operating losses of the limited partnership?

Jeff

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