Re: [External] Re: hopefully helpful
I hear you. There is no blue print. I think our numbers are finally thorou=h and accurate. We haven't discussed it much, but technology and security=have been a huge focus for me since I joined Elysium. Making slow but stea=y progress.
there has been little if any proper planning for tax this year and next. = this needs to be done after the program and materials are put in form
barry, perfect example of what i have been trying to explain. without c=ntext the question makes little sense. ex if all is income is ordinar=. selling things at a loss does nothing . however if he is gettin= more capital gains next year. you miight generate losses and carry them =orward or back. if we think the tax rates will change we might create f=ctiioous gains. and use the loss but have a higher basis for next year. = if the loss in on the trust side , it is a benefit to the future tax of=the children. sorry to be so long winded but at least i am consistant=:)
Key details from the email:
- Date and Time: Saturday, August 5, 2017, 10:39 AM
- Sender: Barry J. Cohen
- Recipient: (information redacted)
Your derivatives financing idea is a good one. Who would be a good person to talk to about it? Justin at JPM?
These are all things we are trying to think about. Our new internal guy is great, but he doesn't bring solutions with him because, like you say, no one is quite like Leon. Since he just joined us, we're starting certain planning work later than we would like.
EY is good but they are better at answering questions than providing proactive planning advice. And I am finding them a little slow.
Your derivatives financing idea is a good one. Who would be a good person to talk to about it? Justin at JPM?
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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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get a tax basis for the plane and document the depreciation taken and its benefits if any also debra and leon I believe own this plane, who does he want to own the new one.
I will get you the info. We have not figured out the structure of the plane ownership. We have started those conversations. The purchase agreement (expected to sign Monday) will allow the contract to be assigned to any affiliate of Leon.
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