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Old 03-19-2008, 05:16 PM
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Default Re: Capital Gains on muscle car (state of PA)

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I'm not sure, but I don't think a trust can own vehicles in Pennsylvania, but I know that a corporation controlled by a trust can. (I know it makes no sense, but that's our Commonwealth for you!)

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Trusts can be tricky, so like Brian said - be careful before jumping into something like this. This area is best left to those who specialize in Estates & Trust Taxation, (read: not me! That's why my Deuce is in my will!)

So Schoneye is going to buried in his deuce? We'll see what Joe & Chad say about that, you've got two deuces and two sons....
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