File 030368
Email Chain Regarding Art and Real Estate Asset Loss and Tax Strategy (File 030368)
Email correspondence discussing financial analysis of combined art and real estate assets with calculated tax implications and potential long-term losses.
Summary
Jeffrey E. forwards an email chain from October 2015 discussing a combined art space and phaidon property valued at approximately 96 million dollars, with restructuring costs adding 10 million. The email analyzes potential sale scenarios estimating losses between 90-98 million, calculating tax implications at approximately 43% (including AMT, federal, city and state taxes), resulting in estimated tax savings of 38.7-44 million dollars. The correspondence includes standard confidentiality and attorney-client privilege notices.
From: jeffrey E. [jeevacation@gmail.com]Sent: 4/7/2018 8:51:55 PMTo: jeffrey epstein [jeevacation@gmail.com]Subject: Fwd: draftImportance: High----------Forwarded message----------From: jeffrey E. <jeevacation@gmail.com>Date: Mon, Oct 26, 2015 at 7:08 PMSubject: draftTo: Melanie Spinella <>, Brad Wechsler <phaidon and art space. combined basis 96 million, ( reviewed with brad and joe.) . add ten forrestructuring . basis 106. mi. subtract total sale price, for both, lets say approx $8 - 15m . leaving lossof between 90 and 98 million long term loss. . AMT rate 28 % obama. tax 3.8%. city and state12% total aprox 43 %. tax rate. savings 38.7 - 44 mplease noteThe information contained in this communication isconfidential, may be attorney-client privileged, mayconstitute inside information, and is intended only forthe use of the addressee. It is the property ofJEEUnauthorized use, disclosure or copying of thiscommunication or any part thereof is strictly prohibitedand may be unlawful. If you have received thiscommunication in error, please notify us immediately byreturn e-mail or by e-mail to jeevacation@gmail.com, anddestroy this communication and all copies thereof,including all attachments. copyright -all rights reservedplease noteThe information contained in this communication isconfidential, may be attorney-client privileged, mayconstitute inside information, and is intended only forthe use of the addressee. It is the property ofJEEUnauthorized use, disclosure or copying of thiscommunication or any part thereof is strictly prohibitedand may be unlawful. If you have received thiscommunication in error, please notify us immediately byreturn e-mail or by e-mail to jeevacation@gmail.com, anddestroy this communication and all copies thereof,including all attachments. copyright -all rights reservedHOUSE OVERSIGHT 030368