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same idea to make sure boat sale , plane sale art sale . all produce the best after tax result.

Plane sale is minor loss.

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not necessarily . talk monday.

We never took accelerated depreciation due to lack of passive income. Unused depreciation has been carried forward. Basis is therefore a little high.

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yes , I would ask that you go through and see exactly which years you took what and it produce a real sizable benefit. form a new entity for the contract signing. have that entity have the right to assign.

May not be possible as documents have to be signed tomorrow (our drop dead date). We are not going to buy the plane in Elysium. We will assign its right to buy the plane before we close.

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I would suggest a delaware Ilc , where leon is sole member. I dont believe in drop dead dates. and rushing usually is not wise ( slow and thoughful . ) wire the deposit that should be enough. airplanes are finicky.

They have our deposit. I don't like going past the drop dead date because another buyer has reached out to them at a higher price it gives the seller an excuse to walk. We can definitely have the Delaware LLC buy the plane though.

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