draft
Epstein Suite indexes the text; the original document lives at its official source. We don't host the original file — view it on the official release to read it in full.
View the original on the official releasePeople & organizations named in this document
Being named here is not an accusation of wrongdoing.
Document text
Text is machine OCR and may contain errors. Confirm against the original source above.
Date: Mon, Oct 26, 2015 at 7:08 PM
Subject: draft
To: Melanie Spinella , Brad Wechsler
phaidon and art space. combined basis 96 million , ( reviewed with brad and joe.) . add ten for
restructuring . basis 106. mi. subtract total sale price. for both, lets say approx $8-15m ._ leaving
loss of between 90 and 98 million long term loss. . AMT rate 28% obama. tax 3.8% . city and state
12% total aprox43 %. tax rate. savings 38.7-44m
0:51 PM (15 hours ago)
to me, Richard, Karen
Good afternoon
Removal of headers in Cabana’s | and 2 started today
Dock Shelters proposed start date 16 Apr
LSJ staff cottage and Sams kitchen and bath cabinets are due in this week.
Have yet to schedule install.
Will have estimate for GSJ Staff Cottage from EB by the end of the week
Unable to contact Jimmy again regarding thIs project, Reached our Monday to schedule site meeting, got
a - No Can Do -
reply !!!
Regards Brice
Date: Mon, Oct 26, 2015 at 8:37 PM
Subject:
To: Brad Wechsler - _ f Melanie Spinella Fttsi—‘i‘iSCSCSCS
gain at 20 % not 28. . so total , 35.8%. taxrate. same for boat. and plane each around 10m so total 7
m savings if both sold
Date: Fri, Jun 3, 2016 at 5:56 PM
Subject:
To: Heather Gray (iii i >
heather leon seems to not recall the issue of finding an alternative to the eschange agents resale
cerificate. he didnt remeebr you suggesting a gallery instead. you mentioned that he did not want to get
another gallery involved.? has any of the transactions been audited using this method , which even i find
agressive.
Date: Fri, Jun 3, 2016 at 3:02 PM
Subject: RE:
To: "jeffrey E." <[email protected]>
Hi Jeffrey,
As you will recall, we used this same exchange agent last year on the Calder
1031. At the time, we discussed the merits of using a gallery versus a
commercial exchange agent and my recommendation to Leon was to use a
gallery. | felt that there were advantages to using a commercial exchange agent
instead of a gallery on the 1031 side (e.g., less likelihood of a breach of
confidentiality, IRS familiarity with CDEC in the event of an audit, security of
HOUSE_OVERSIGHT_023285
Have a question about what this document contains?
Ask the documents