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Hello everyone,

There is a very interesting article that was recently published in the 8/7/2000 issue of Forbes magazine related to the deferral of capital gains. There are certain, strict criteria that a person must meet to be eligible to use this semi-new loophole. Here is the url for the article:

http://www.forbes.com/forbes/00/0807/6604134a.htm

I am interested in knowing some examples from anyone that has actually put this baby into practice (other than our boy Marc Andreessen of Netscape/AOL fame)! Some of the more risk-taking/successful investors in fooldom may be able to benefit from this.

Thanks in advance for any examples,

Batman28
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No. of Recommendations: 1
<<I am interested in knowing some examples from anyone that has actually put this baby into practice (other than our boy Marc Andreessen of Netscape/AOL fame)! Some of the more risk-taking/successful investors in fooldom may be able to benefit from this.>>

I'm not sure what examples you are looking for. As noted in the article, you have to acquire the stock directly from the company. So simply buying stock on an exchange will not trigger the rollover statutes.

I have clients who have done this very rollover...private companies that have been "bought out" by other companies. But you also have to find other "start up" companies in which to "roll over". It's not as easy as you might think.

But it's certainly out there and available.

TMF Taxes
Roy
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