DOJ-OGR-00010171.jpg
Extracted Text (OCR)
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A-5916
14
CAC3PARC
myself the other night, if somebody had said to me, and again I
apologize for the example, I won't try to belabor it. But
December 28 in year one if I gave 10,000 shares of IBM to a
charity and 10,000 shares to my daughter, right, and I said to
my broker just move them into those -- 10,000 to charity,
10,000 to my daughter. And the broker made a mistake. And
here's what makes it so tricky. The shares to the charity were
IBM; the shares to my daughter were Philip Morris. They
reversed it. The charity calls January 2nd and says we can't
take tobacco stock, We can't accept your gift. I call the
broker, I say what about this. He says we'll just reverse it.
It was our mistake, We'll send the Philip Morris to your
daughter and we'll send the IBM to the charity. And they
reverse it and they put as of December 28 because they reverse
it and do it at December 28 prices and it all shows up on the
January statement,
If I said to Mr, Parse, if I said to me -- the Court
may be situated differently, the Court's been educated by this
trial. If I said can I put that tax deduction on my year one
return, in that situation, even though it was mistake, it never
got accepted, I'd say I don't know, you should ask a tax
lawyer. And that's what Mr. Parse said. He made the
transactions, he made the change, not a single document at
Deutsche Bank reflected that this happened other than the as of
which was a reflection of what the pricing was.
SOUTHERN DISTRICT REPORTERS, P.C,
(212) 805-0300
DOJ-OGR-00010171
Document Details
| Filename | DOJ-OGR-00010171.jpg |
| File Size | 478.4 KB |
| OCR Confidence | 92.2% |
| Has Readable Text | Yes |
| Text Length | 1,668 characters |
| Indexed | 2026-02-03 17:55:50.129933 |
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