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Financial Planning / Tax Strategies


Subject:  Re: Interesting tax case Date:  8/7/2012  10:09 PM
Author:  StockGoddess Number:  116512 of 128039

Looking at this from another perspective, if a drug "kingpin" were to die leaving a stash of illegal drugs with a street value of millions, I doubt the heirs could claim an estate tax valuation of $0 on the basis that the possession and sale of these drugs was illegal.

Seized assets are worth zero.
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