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  • #16
    Can Forrest provide the treasure to the finder as a gift that counts against his lifetime gift exemption for tax purposes, making the treasure tax free? And is this the compelling reason to contact Forrest Fenn upon finding the treasure?

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    • #17
      Originally posted by Must Listengood View Post
      Can Forrest provide the treasure to the finder as a gift that counts against his lifetime gift exemption for tax purposes, making the treasure tax free? And is this the compelling reason to contact Forrest Fenn upon finding the treasure?
      ​​​​​​Must Listengood: I've been posting about this precise possibility for years. No one ever bites because they apparently don't understand the Federal tax code as it applies to gifting. It would be a FAR greater incentive than Forrest's original $100k IOU in the chest (that he removed). Whatever system he came up with, it's apparently more reliable than a $100,000 bonus, and such a tax exemption would be worth at least triple that. The finder that ~didn't~ inform Forrest of finding the treasure would be a moron under that scenario.

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      • #18
        Originally posted by Zapster View Post
        ​​​​​​Must Listengood: I've been posting about this precise possibility for years. No one ever bites because they apparently don't understand the Federal tax code as it applies to gifting. It would be a FAR greater incentive than Forrest's original $100k IOU in the chest (that he removed). Whatever system he came up with, it's apparently more reliable than a $100,000 bonus, and such a tax exemption would be worth at least triple that. The finder that ~didn't~ inform Forrest of finding the treasure would be a moron under that scenario.
        I'm guessing it is related to the gifting tax code. That's what I've been thinking too, so we're on the same page there.

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        • #19
          Crossed paths with Chris L before - seems nice.

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          • #20
            SHOCK & AWE

            Would you be Shocked or Awed if:

            A child found the treasure?
            Some one dug up the treasure from 3 ft of snow & posted video?
            A woman first time BOTG found the treasure?

            Add additional questions here.

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            • #21
              A seeking grandmawe found the treasure?

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              • #22
                Originally posted by Castellaw1685 View Post
                A seeking grandmawe found the treasure?
                I would be in Awe, like Awsome!

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                • #23
                  TTOTC stories that appear to be out of place or more fiction than fact. And why.

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