sfb wrote:
Sure that isn't two separate and distinct transactions - winning and
then selling at a capital loss unless you are 81mm who doesn't think the
IRS exists.

If you sell the plane before you have to pay the taxes on it, the price for
which you sell it is, by definition, the fair market value of the plane. You can
then use that as your basis for the taxes. Of course, if you turn around and
sell it for something ridiculous (like, say, $100), the IRS will be taking a
*very* close look at your finances, the buyer's finances, and any other
relationships between the two of you.

George Patterson
Coffee is only a way of stealing time that should by rights belong to
your slightly older self.