Bloomberg quoted Greenwich, CT Office Managing Partner John Mezzanotte, in an article about the tax benefits of fractional art donations.
By Heather Perlberg
While fractional donations aren’t new, lawyers and tax advisers say they’re growing in popularity as values climb and the Covid-19 pandemic leads to shifts in where people live. It’s particularly suitable for those who’ve decided to split their time between New York and tax-friendly Florida, leaving behind empty Park Avenue penthouses for part of the year, according to John Mezzanotte, managing partner in the Greenwich, Connecticut, office of accounting and tax-advisory firm Marcum.
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