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Art dealers condemn new tax shelter schemes in 1970s New York
The piece reports on investors using artist print plates as tax shelters. It cites Lowell Nesbitt and others, noting profits from prints and products while using depreciation and tax credits. Critics, including the Art Dealers Association of America, call the shelters schemes.
MENTIONED IN THIS ARTICLE
N.Y
New York
Lowell Nesbitt
Nesbitt
James Rosenquist
Richard Lindner
Arman
Allan D’ Arcangelo
Pierre Alechinsky
Karel Appel
Elke Sommer
Art Dealers Association of America
Internal Revenue Service
Rubin Gorewitz
Securities and Exchange Commission
Ron English
Shelters
English
Middle West
Shelter