1. My brother-in-law has five acres m/l of prime property in Sarsota, Florida which he has owned since the late 1940s. The property is now worth approximately $300,000. He has a tentative buyer; he has tentatively agreed to sell for $250,000. His capital gains liability is enormous, and he would prefer to not pay the government anything.
2. He has offered to work with us in arranging some kind of deal in which both Sovereignty and he benefits. Our task is to structure such a deal, if we choose to do so.
3. He will be happy to receive a tax deduction for the fair market value, and direct income (not interest income) of about $1000 per month. He is fairly flexible on how this might be accomplished.
4. Bob has determined that we can issue a tax-deduction certificate for the full appraised value of the property, which the donor must use within five years.
5. Suggested options:
Other ideas need to be suggested and explored. Send them to me and I will post them here.
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