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Publisher Description

Ronald Gosselin sold a shopping plaza in Manchester for $2.3 million and then reinvested that money, under three different limited liability companies in three separate projects around the country. The entire transaction was done without having to pay any tax on capital gains under federal law and--so he thought--under New Hampshire law. But last December the state Department of Revenue Administration sent Gosselin a tax bill for $165,000-money the 72-year-old snowbird said he simply doesn't have The properties are no longer producing income and worth less than the mortgage, according to Gosselin.

GENRE
Business & Personal Finance
RELEASED
2009
December 4
LANGUAGE
EN
English
LENGTH
7
Pages
PUBLISHER
Business Publications, Inc.
SELLER
The Gale Group, Inc., a Delaware corporation and an affiliate of Cengage Learning, Inc.
SIZE
69.4
KB

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