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To: SeekAndFind

Sterling is smart like a fox. If he is forced to sell, the tax laws say that he does not have to pay taxes on the sell. Not even capital gains. For now, he plays the injured party, raises the price, then sells at the top of the market and skips the tax man ... laughing all the way to the bank (and on his way back home).


11 posted on 05/29/2014 3:43:59 PM PDT by taxcontrol
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To: taxcontrol
If he is forced to sell, the tax laws say that he does not have to pay taxes on the sell. Not even capital gains.

Can you site that law? That's interesting?

14 posted on 05/29/2014 3:48:38 PM PDT by nickcarraway
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To: taxcontrol

So Sterling has a HUGE motivation to have staged this whole thing?


15 posted on 05/29/2014 3:50:23 PM PDT by nickcarraway
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To: taxcontrol

“If he is forced to sell, the tax laws say that he does not have to pay taxes on the sale”

Is that really true?


21 posted on 05/29/2014 3:55:00 PM PDT by babygene ( .)
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To: taxcontrol

Yep —

and in the meantime the NBA isn’t sure who owns the team — he or his wife — and who to file their sanctions against — he or his wife.


30 posted on 05/29/2014 4:09:33 PM PDT by Uncle Chip
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