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Thread: Rex Tillerson
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Old 09-11-2018, 08:46 AM   #10
lamboguy
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Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,760
this is similar to a 1031 exchange or maybe is a 1031 exchange where as long as you invest the same amount of money your taxes are postponed. if you do it with real estate, the first $250,000 of capital gains is exempt but you have to buy another piece of property with the rest. when you die that property goes into an estate and part of that is tax exempt. .

Tillerson was a big number, over $60 million that he has deferred. that is a big hunk of change. there must be other's in the same boat as him that have the same type of deals.
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