General question: Is your spouse the person you always dreamed of?

[munchkin]

<p>Just popped the question to the husband. He said he is worth much more than $1 mill. I tend to agree. However, I may starting evaluating at $1 bill. (I kept my thoughts to myself though)</p>

[ScottZ1980]

<p>

If you sell your spouse for $1 million, how would you determine the “basis” for purposes of calculating the capital gains tax you would have to pay? That might factor into some people’s decision, after all. (And don’t forget to add subsequent capital improvements to the original basis, whatever that might be.)

</p>

<p>First you sell your husband to your publicly listed company, using letters of credit opened by your brother at the bank, then execute a debt/equity sway with an associated general offer so that you get your husband back, with a tax exemption for five more husbands. The marriage rights of all the husbands are transferred via an intermediary to a Cayman Island Company secretly owned by the majority shareholder who sells the rights to all six husbands back to your listed company. The annual report says the company owns eight husbands, with an option on one more. You sell one to buy a new condo in the Caribbean leaving you with seven husbands. No balance sheet provided with the release.</p>

<p>:D</p>