File 030371
Email Regarding Real Estate and Tax Loss Analysis (File 030371)
Email correspondence from October 2015 discussing real estate transactions, basis calculations, and tax loss implications for combined property sales with estimated losses between 90-98 million dollars.
Summary
Jeffrey E. forwards a draft email to Melanie Spinella regarding financial analysis of real estate properties (Phaidon and art space). The analysis discusses a combined basis of 96 million dollars with 10 million added for restructuring costs, totaling 106 million. Subtracting an approximate sale price of 8-15 million results in a projected long-term loss of 90-98 million. The email calculates tax implications at approximately 43% total rate (including AMT, federal, city, and state taxes), yielding estimated tax savings of 38.7-44 million.
From: jeffrey E. [jeevacation@gmail.com]Sent: 4/21/2018 9:34:41 PMTo: jeffrey epstein [jeevacation@gmail.com]Subject: Fwd: draftImportance: High----------Forwarded message----------From: jeffrey E. <jeevacation@gmail.com>Date: Mon, Oct 26, 2015 at 2:08 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 030371