EFTA01020213

From: Richard Kahn To: Jeffrey Epstein <jeevacation@grnail.com> Subject: Date: Wed, 10 Oct 2018 14:38:37 +0000 Attachments: 201810091929.pdf Items for discussion I) Page 2 - EDC percentage is 70.54% for the current year (see page 59 of PDF) and you are receiving EDC credit of 124,031 for the Net Investment Income Tax (see page 32 of PDF) Issue - EDC credit is shown on line 54 and totaled on line 55 however line 56 reads that you should subtract credits from tax due which in our case is 0 Therefore as shown on return line 56 says enter 0 or tax amount due - We owe no tax so in order to add for line 63 we need to show a negative number on line 56.. -> this Net Investment Income Tax only came into law recently after EDC rules so presentation seems awkward Other Option: Show EDC credit on Line 73 under Box D Alan Dlugash was ok with either presentation 2) Page 22 - Casualties and Thefts Please review: 1 Property A - Is description accurate? Only mentions Irma (deliberately excluded Maria) however doesn't mention LSJ or GSJ 2 Cost Basis: 80,338,688 - represents both LSJ and GSJ 5 FMV of LSJ and GSJ before casualty 119,000,000 6 FMV of LSJ and GSH after casualty 90,000,000 7 Casualty Loss 29,000,000 -> i questioned with Alan the use of round numbers and he thought that was proper since we are using form 8275 disclosure statement (see pages 42 and 43) 3) Pages 42 and 43 - Disclosure Statement -> Please review language and lets discuss EFTA01020213 Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York NY 10022 tel fa ce EFTA01020214