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#13
01-21-2010, 11:53 AM
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I once auctioned a tobacco card collection that was inherited by the consignor. At the end of the auction, instead of writing a check made out to him, I made it out "to the estate of..." In this way, the heirs did not have to pay tax on it.
But I am not an accountant, I'm just passing along how this was handled. 
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