forcing him to sell will jam his capital gains tax so it is no gain. forcing him to sell essentially becomes a loss.
he paid 12.7mm, and will sell for almost 800mm....don’t think the IRS will not see him recognizing a gain of $787.3 million...
RE: forcing him to sell will jam his capital gains tax so it is no gain. forcing him to sell essentially becomes a loss.
He bought the Clippers for just $12 Million in 1981.
If he sells the team for $750 Million, his capital gains would be $738 Million. even if the government took half of that, he’d still be over $360 million cash positive.