Gary, you have to pay capital gains. The balance can go wherever you want.
There are some tax advantaged donation schemes. This is where i want the funds to go.
It's a question of, can I donate the entire proceeds or only what's left after capital gains taxes are paid?
Believe me, there is a significant amount involved and I've spent over $10,000.00 in legal fees making sure I do it right. And there will be at least that much more in legal fees before it's over.
R.
Edited by captain Russ (01/31/14 03:31 PM)