November 2, 2021
Bloomberg quoted Greenwich, CT Office Managing Partner John Mezzanotte, in an article about the tax benefits of fractional art donations.
Bloomberg
By Heather Perlberg
Excerpt:
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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