GDG- Family to get credit for Civil War artifacts
James Cameron
cameron2 at optonline.net
Tue Oct 23 18:18:40 CDT 2007
<< I suspect it was done as a separate transaction with the artifacts
donated separate from the sale. This would allow them take a charitable
contribution of the stepped-up basis of the artifacts . >>
You're almost certainly correct. I'll leave the mechanics of the
transactions to the lawyers and accountants. All I was saying was that I
imagine the donation of the collection was understood as a condition in
negotiating the purchase of the real property.
Jim Cameron
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