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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: John Graybill who wrote (119088)8/31/2001 1:23:43 PM
From: benwood  Read Replies (1) of 436258
 
I don't think it would work either; otherwise, wouldn't people have requested stock certificates in March of 2000 and plunked them down for mansions and dodged the 28% capital gains. Or wouldn't others have bought with appreciated paintings, classic cars, etc. No, I think you can only swap property for property (within limitations). Somehow the builder has to come up with an accounting for tax purposes and so would have to have a valuation of the "good and valuable consideration" of your payment.
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