Replies to post #682634 on Fannie Mae-No Politics (FNMA)

[EternalPatience]

Uncle same takes 16...

[bradford86]

so you have 160,000 shares or about $384,000.

that's basically this condo:
https://www.zillow.com/homedetails/1500-Bay-Rd-APT-1568S-Miami-Beach-FL-33139/72566305_zpid/

and at $32M, after 35% tax you are looking at something like this:
https://www.zillow.com/homedetails/1410-W-25th-St-Miami-Beach-FL-33140/43894776_zpid/

that's a good trade.

good luck

[Robert from yahoo bd]

Don't forget about your silent partner's share! When you eventually pass away (I hear it's inevitable!), he will be at the funeral shaking down your loved ones for 40% of it! Does Michigan have a death tax? Might be a good time to at least consider speaking with a CPA or estate planning attorney because I am pretty sure they will recommend annually gifting the shares to whomever you want to transfer them to...

Uncle Suggy may lose the battle in Collins, but he will get your stuff in the end! Rest assured that the government knows what is best for your money, not you! ;-)