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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: marginmike who wrote (47084)12/13/2000 11:45:47 AM
From: IceShark  Read Replies (1) of 436258
 
Be a little careful from a tax standpoint should the thing work out. It would be tax free to your dad under at least one tax theory but if he goes gifting it to the kids he has to consider gift taxes. I would have to think about how original basis might play into it and transfer to you. In any event, tell him to check that out if he wins the lottery.
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