Hacker News
new
|
past
|
comments
|
ask
|
show
|
jobs
|
submit
login
Rychard
on July 19, 2019
|
parent
|
context
|
favorite
| on:
Art's sale value? Zero. The tax bill? $29M
Something is only worth as much as someone is willing to pay.
Seeing as how it's a felony to buy it, nobody is going to offer anything for it publicly.
evandijk70
on July 19, 2019
[–]
There might be a way to make money from the painting without selling it. For example, are they allowed to rent it out to a museum?
ruste
on July 19, 2019
|
parent
[–]
Then the money earned leasing it out would be taxable, but you still can't sell it so there's still an issue with taxing its value
Guidelines
|
FAQ
|
Lists
|
API
|
Security
|
Legal
|
Apply to YC
|
Contact
Search:
Seeing as how it's a felony to buy it, nobody is going to offer anything for it publicly.