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Corrections Corporation of America Message Board

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  • tmacker tmacker Jun 13, 2000 7:33 PM Flag


    in January 1997, Homeplex, an REIT, merged into
    Monterey Homes ( symbols HPX and MHC, if you want to check
    HPX had a lot of paper losses it couldn't use, and
    MHC was highly profitable and wanted to shelter some
    of its gains. The deal worked great, and IRS kissed
    it on both cheeks.

    Maybe rules have changed
    since 1/31/97, maybe not. Check it out.

    Tax Man
    Always Can Kill Expensive Realestate

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