@avvv28 wrote:
Would it work?
It will not work if you get caught. The transaction would be considered a sham transaction by the IRS; it lacks economic substance.
Per Section 7701(o), transactions are treated as having economic substance only if they change in a meaningful way (apart from federal income tax effects) the taxpayer's economic position, and the taxpayer has a substantial purpose (apart from Federal income tax effects) for entering into the transaction.
