[BC] Re: HD Receiver

[Glen Kippel]

On 2/12/07, Mark Humphrey <mark3xy at gmail.com> wrote:
>
>
> Today, it seems strange that major market FM licenses were once
> considered worthless, but there are many amazing stories of stations
> that were literally given away.  For example, Pat Robertson received a
> "tax deductible" donation of five commercial FM licenses (including
> equipment and real estate) near large upstate New York markets in
> 1968.  About 12 years later, he sold them for pretty good sums of
> money.  Somehow, that doesn't seem quite legal, but you have to
> remember who was playing the game.
>
> ------------


Not illegal at all.  Say, for instance, you donate some stock certificates
to the charity of your choice.  You deduct their market value on your
Schedule A.  Then the stock appreciates in value and the charity sells it.
It's done all the time.  Ask your CPA is you don't believe me.