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Author: irasmilo Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121144  
Subject: Re: "Carry Tax" Date: 7/18/2005 10:20 PM
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[jumping in at the end of the discussion of a 40K cash trigger to a "lifestyle" audit...]

I would be willing to bet that if the IRS initiated a lifestyle audit of the dead grandfather all the executor would have to do would be to say that the grandfather had a distrust of banks and saved up the $40K over a lifetime of earnings and that would be the end of it. (and the end of a long runon sentence. <g>)

Ira
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