Trade No
Subject:LawPrice: Bought3
Trade No.1) In 2018, the Dallas Cowboys traded offensive lineman Otto Lennon to the Detroit Lions for their free safety Mercury Morton. No cash was involved.
Trade No. 2: In 2018, the Cowboys also traded quarterback Quincy Brown to the New England Patriots in exchange for free safety Fred Smith. The Cowboys also paid New England $100,000.00 as part of the trade.
Trade No. 3: In 2018, the Cowboys also traded wide receiver Warren Rich to the New York Giants in exchange for their place kicker, Paulo King. New York also paid the Cowboys $90,000.00 as part of the trade.
The applicable new law covering these sports team trades, how the "safe harbor" works and how tax effects of Trades 1 through 3?
