From: Barry J. Cohen < Sent: Sunday, August 6, 2017 1:52 AM To: Jeffrey E. Subject: Plane We never took accelerated depreciation due to lack of passive income. Unuse= depreciation has been carried forward. Basis is therefore a little high. Sent from my iPhone On Aug 5, 2017, at 7:23 PM, jeffrey E. [email protected]<mailto:[email protected]» wrote: not necessarily . talk monday. On Sat, Aug 5, 2017 at 6:59 PM, Barry J. Cohen <mailto:fl wrote: Plane sale is minor loss. Sent from my iPhone On Aug 5, 2017, at 6:35 PM, jeffrey E. <jeevacation@gmaiLcom<mailto:[email protected]><mailto:[email protected]<mailto:[email protected] om>=> wrote: same idea to make sure boat sale , plane sale art sale . all produce the =est after tax result. On Sat, Aug 5, 2017 at 5:28 PM, Barry J. Cohen > wrote: These are all things we are trying to think about. Our new internal guy is=great, but he doesn't bring solutions with him because, like you say, no o=e is quite like Leon. Since he just joined us, we're starting certain plan=ing work later than we would like. EY is good but they are better at answering questions than providing proact=ve planning advice. And I am finding them a little slow. Your derivatives financing idea is a good one. Who would be a good person t= talk to about it? Justin at JPM? Sent from my iPhone On Aug 5, 2017, at 10:49 AM, jeffrey E. <[email protected]<mailto:[email protected]><mailto:[email protected]<mailto:[email protected] om=><mailto:[email protected]<mailto:[email protected]><mailto:[email protected]<mailto:jeevacat [email protected]»» wrote: barry, perfect example of what i have been trying to explain. without c=ntext the question makes little sense. ex if all is income is ordinar=. selling things at a loss does nothing . however if he is gettin= more capital gains next year. you miight generate losses and carry them =orward or back. if we think the tax rates will change we might cr