From: Heather Gray
To: jeffrey E. <jeevacation@gmail.com>
Subject: RE:
Date: Thu, 30 Apr 2015 18:40:54 +0000
Hi Jeffrey,
I'll find someone at Paul Weiss to discuss this with and will report back. For what it's worth, I think he should absolutely
be able to do it under the trade-in credit rules (section 526.5(f) of the Sales and Use Tax Regulations). But I'll find out
from the PW folks.
Best,
Heather
From: Jeffrey E. [mailtoleevacation@gmail.com]
Sent: Thursday, April 30, 2015 2:34 PM
To: Heather Gray
Subject:
heather, track down with someone at pw. whether as opposed to a 1031 leon coudl use other fully paid for art
to avoid sales tax if traded in to gogosian
this would not shelter gain, only limit sales tax. to picasso minus trade
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