https://www.oge.gov/Web/OGE.nsf/Resources/Resolving+Conflicts+of+Interest … For the actual rule, which is predictable snooze-inducing, click Text of Regulation: https://www.oge.gov/Web/OGE.nsf/Resources/5+C.F.R.+Part+2634:+Executive+Branch+Financial+Disclosure,+Qualified+Trusts,+and+Certificates+of+Divestiture … It allows deferring capital gains rather than a permanent step-up in basis, which feels better targeted to the legislative purpose.
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So basically temporarily treating the person going into government like a real estate investor that is able to constantly do this with 1031 exchanges.
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Yes this is like a 1 time 1031 exchange into another non-cash asset. Though I wonder if you can exchange your stock gains into RE and then keep doing 1031’s so you defer forever or until you write most of it down to ‘depreciation’?
End of conversation
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