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Re:Sports Owners Use Their Teams to Avoid Millions in Taxes by sangnoir on Thursday July 08, 2021 @12:57PM (#27774712)
The definition of "unrealized gains" needs to be tightened, IMO, especially when used as security against "loans", or any other instrument used by the stockholder to otherwise gain liquidity without technically realizing the gains. Which is to say, there are convoluted transactions that are in effect selling shares, but the IRS doesn't presently classify as such.

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