Posted on 05/07/2014 7:46:09 PM PDT by 2ndDivisionVet
Not to get into the details of tax law, but the method outlined there would postpone (not eliminate) taxes if he sold the Clippers and bought another team. If he dies owning the Clippers, all of the gain between his original purchase and his death will never be taxed.
Sheesh....He was dying last week.
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