It is undisputed that, in calculating the amount of capital gains taxes to be paid on the sale of the Woodstock property, plaintiff has refused or neglected to take advantage of certain allegedly available deductions for capital improvements to the property, which, pursuant to Federal income tax law, would add to the "basis of the property", thereby reducing or eliminating any capital gains tax otherwise due on the transaction. With regard to the sale of the St. Maarten property...
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